Huntley Could Lose $280K Under Quinn's Proposal

Gov. Pat Quinn has proposed Illinois strengthen its troubled finances by freezing state income taxes shared with local municipalities at 2012 levels, a move that could cause Huntley to lose thousands of dollars in revenue, the Chicago Tribune reports. 

Under the proposal, the village of Huntley could stand to lose between $129,097 and $280,117.

The state calculations show the impact to local budgets would be $5.30 per resident, while the Illinois Municipal League estimates the impact would be $11.50 per resident, Chicago Tribune reports. 

For the full story, visit: www.ChicagoTribune.com.  

Here's a look at how Quinn's proposal would impact other area communities:

Town

Population Based on 2011 Census

Impact Based on State Calculation of $5.30/ Resident

Impact Based on IML Calculation of $11.50/ Resident

Algonquin

30,145

$159,768

$346,668

Lake in the Hills

28,980

$153,594

$333,270

Crystal Lake

40,766

$216,060

$468,809

Cary

18,281

$96,889

$210,232

24,358

$46,232

$280,117