Yorkville mayor wants to add 1 percen...

Yorkville mayor wants to add 1 percent city sales tax

There are 7 comments on the 301 Moved Permanently story from Jan 1, 2011, titled Yorkville mayor wants to add 1 percent city sales tax. In it, 301 Moved Permanently reports that:

YORKVILLE a ' Mayor Valerie Burd has asked the city council to consider putting a referendum question on the April 2011 ballot to increase the city sales tax by 1 percent.

Join the discussion below, or Read more at 301 Moved Permanently.

Real

Bensenville, IL

#1 Jan 3, 2011
Easy--My shopping in Yorkville will be limited.
john

Sugar Grove, IL

#2 Jan 4, 2011
It costs money to live in Paradise.
Pay up.

Since: Jul 10

Location hidden

#3 Jan 4, 2011
The city is in serious trouble due to the police pension fund which is millions of dollars underfunded. They have to do something seeing as they refused to back legislation to correct the underlying problem.
County Radical

United States

#4 Jan 4, 2011
The reason the current city council voted agaist putting the advisory referendum for Police Pensions is Yorkville Police Pension is well funded.

I don't know where Voice of the Minority is getting his Police Pension Info. Yorkville's City Police Pension is funded well and is actuarily very sound. This was one of the few financial responsibility's that past city administrations took seriously and got right.

The sky is not falling in Yorkville, but past Agressive Growth Policies now have to be paid for for sewer and water pipe/water towers in the ground. Growth never did and never will pay its own way.

Since: Jul 10

Location hidden

#5 Jan 4, 2011
The last actuarial review from 2009 presented to the pension board on 5-10-10[http://www.yorkville.i l.us/documents/PolicePensionpa cket5-10-10.pdf page 10 of the pdf] indicates that the Pension is unfunded to the tune of $5,512,957. It is only about 1/3 funded. The city council shorted the pension fund this year again. The actuary said $481,000.[pg 9 of the pdf file] The city only levied $375,000.

Since when is 1/3 well funded?

Since: Jul 10

Location hidden

#6 Jan 4, 2011
From Valerie

Oswego, IL

#7 Jan 13, 2011
And I want 1% more!

BIIIIIIIIIIIIIIIIIIIIIIITCHES!

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