Archive for the ‘Taxes’ Category

Hoffman Estates officials have recommended approval of a village-initiated tax increment financing district to spur commercial growth at the northeast and northwest corners of Higgins and Old Sutton roads.

Hoffman Estates officials are poised to grant an economic incentive Jan. 6 to spur development just west of The Arboretum of South Barrington shopping center, helping the vacant site join the commercial development going on around it.

The village’s planning, building and zoning committee voted 6-1 Monday to recommend approval of a tax increment financing district to pay for sewer and water utilities on the northeast and northwest corners of Higgins and Old Sutton roads.

The proposed TIF district would include a 24-acre parcel and a 16-acre parcel along Higgins Road west of Route 59 as well as adjacent right of way for a total of 64 acres.

Potential developments for the site include a gas station and convenience store along Old Sutton, 100,000 square feet of self storage along the CN Railroad tracks, and a 150,000-square-foot retail center. (Sound familiar?)

Read more here.

Read Full Post »

With a reduction in the quarterly parking fee at Barrington’s train station, officials say more revenue will be generated for the village by falling below a threshold requiring payment of a Cook County tax.

A reduction in the quarterly parking fee at downtown Barrington’s train station means more revenue will be generated for the village because the amount will fall below a threshold requiring a Cook County tax payment, officials said.

Commuters will pay $5 less — $195 instead of $200 — for the quarterly hangtag starting Jan. 1, said Barrington’s director of financial services, Jason Hayden. While the $200 quarterly permit wound up producing $182 in revenue, the village will keep all $195 by not triggering the 9% tax.

Cook County’s 9% parking lot and garage operations tax is applied on spaces that cost $15 or more per week in towns with 250,000 or fewer residents. Barrington tripped the tax because the quarterly parking rate, which started Oct. 1, worked out to $15.38 for each of 13 weeks covered by the $200 permit.

Barrington also raised the daily parking tab to $3.50 from $3 for the north and south lots in October, but avoided the tax on the higher rate after village officials sought assistance to change the threshold. Cook County had a 6% tax on municipal parking spaces costing more than $3 for a 24-hour period in communities with fewer than 250,000 residents.

Read the complete Daily Herald story here.

Read Full Post »

Barrington Hills property owners are expected to pay less in taxes to the village next year, continuing a trend that began in 2013.

Under the tentative tax levy, Barrington Hills intends to collect about $5 million from property owners in the mostly residential community in 2020. The village projects needing about $50,000 less in property taxes for next year.

“We’ve squeezed a little more out of the orange,” Village President Martin McLaughlin said Friday.

Barrington Hills’ property tax levies have declined annually since 2013. Officials said the yearly levy has been trimmed by a combined 24% over that time.

Read more here.

Read Full Post »

Nearly $28 million for facility and building improvements is included in Lake County’s newly adopted $571.8 million budget.

The spending plan sets aside more than $10 million for construction inside the new courthouse tower in Waukegan, which opened last year.

It also includes $900,000 for architectural work relating to planned courthouse annex renovations, $900,000 for plans for a consolidated public safety facility in Libertyville, and $750,000 to develop designs for a proposed mental health crisis center, among other efforts.

Members from both sides of the political aisle spoke favorably about the plan, which doesn’t increase the tax levy for county property owners.

Read more here.

Read Full Post »

Members of the Barrington Plan Commissioners said residents were not vocal during the Oct. 8, 2019 public hearing on the issue of cannabis dispensaries in the village.
But Village President Karen Darch said she has heard from residents, who favor not allowing the businesses in Barrington.

The Barrington Plan Commission recommended that the village not allow cannabis dispensaries in town when recreational use becomes legal Jan. 1, but commissioners point out that residents have not publicly weighed in much on the issue – one way or another.

Plan Commission Chair Anna Bush said that when Barrington trustees referred the recreational cannabis issue to the commission to conduct a public hearing and make a recommendation on whether to allow dispensaries and other businesses as a special use, the elected leaders made their view clear.

“We got a very clear direction from the Village Board. There was little question there,” Bush said.

Village President Karen Darch said she has received a few calls and emails from people letting her know they oppose the idea of a dispensary in Barrington.

“People seem prepared to be leaning toward opting out,” Darch said. “I’ve received a few calls. It seems people would rather not see (a dispensary) here.”

Read more here.

Read Full Post »

While some towns want state lawmakers to take quick action on a recommendation to combine suburban and downstate police and firefighter pension funds in an effort to boost returns and cut costs, not all municipalities are on board.

Senate President John Cullerton introduced a bill Tuesday to consolidate the 649 suburban and downstate police and fire pensions. Gov. J.B. Pritzker followed with a statement praising Cullerton’s move in the first half of a six-day fall veto session that ended Wednesday.

Barrington Hills is asking lawmakers to take their time and not pass the proposal during the veto session. The session’s second three-day leg runs Nov. 12-14.

In part, Barrington Hills’ resolution says the Pension Consolidation Feasibility Task Force’s recommendation would be a complex financial, economic and operational undertaking requiring “proper and comprehensive analysis and review by all stakeholders” and should not be pursued until the regular legislative session starts next year.

“In my opinion, they’re trying to penalize cities that are performing well and lump them into cities that are not performing well,” Barrington Hills Village President Martin McLaughlin said.

Read more here.

Read Full Post »

Algonquin Road

Engineering will begin next year for a planned resurfacing of nearly 5 miles of Algonquin Road between Route 25 and Dundee Road in Barrington Hills. About three-quarters of the $10 million funding allocation is for bridge repair and replacement at Spring Creek.

Since 2017, the state has suggested plans to widen Algonquin Road with two lanes in each direction. If that’s the case, village officials have asked for it to be done as a scenic parkway rather than a typical four-lane state highway.

Village President Martin McLaughlin used a baseball analogy when describing the start of engineering work on the multiyear project. “In a nine-inning game, it means the pitcher is warmed up, on the field, and ready to start the process,” he said.

Barrington Road

A $19 million project calls for reconstruction of a 1.5-mile stretch of Barrington Road from south of Algonquin Road to Central Road, and adding a lane each way on a small portion north of Mundhank Road. A bike path is also planned on the west side of Barrington Road.

Read more from the Daily Herald here.

Read Full Post »

Older Posts »

%d bloggers like this: