$13 million will be extracted from buyers and sellers of real estate in McHenry County if the Democrats pass their mass transit funding bill.
In addition, $15 million from the last CTA bailout legislation through a quarter of one percent sales tax will no longer go to McHenry County for transportation and/or law enforcement purposes.
Instead it will be sent to the bailout.
And, that’s not all.
Tolls will be hiked by fifty cents per toll both, meaning those who must drive to work will be forced to subsidize those who are privileged to be able to ride to work in a train or a bus.
The good news?
A maximum of $1 extra toll tax per day.
Also to be hit is the State Road Fund.
Interest on unspent funds will be extracted for the bailout.
The Tribune reports State Senator Don DeWitt’s reaction:
“Republican Sen. Donald DeWitte of suburban St. Charles said the Senate bill subsidizes mass transit in Chicago at the expense of the suburbs, citing the tollway tax proposal and other measures.
“’The suburbs get taxed, Chicago gets control, and that’s outrageous.’”
I do not understand this paragraph in the Tribune story:
“The Senate proposal also asks for $16.8 million in savings from property and real estate. The savings would need to be realized in NITA’s budget for the fiscal year beginning in October 2026.”
