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1991-02e • RESOLUTION NO. 91- 2 WHEREAS, the Illinois State Legislature adopted in July, 1989, a 20 percent temporary surcharge to the State Income Tax, the proceeds of which were to be shared equally between local governments and school districts; and, WHEREAS, it was the intent of the State Legislature that the additional revenues received by local governments and school districts would enable them to reduce local property tax levies; and, WHEREAS, many local governments and school districts throughout the state did reduce or restrict their local property tax levies accordingly; and, WHEREAS, the temporary State Income Tax Surcharge is scheduled to expire July 1, 1991; and, WHEREAS, unless the State Income Tax Surcharge is made permanent, many local governments and school districts will be faced with the prospects of either substantially raising local property taxes to make up for the lost surcharge tax revenue or reducing public and educational services; and, WHEREAS, it is our belief that the public would prefer continuation of the Income Tax Surcharge over increased local property taxes to support needed public and educational services. NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, that the Governor and State Legislature of the State of Illinois is hereby urged to permanently adopt the increase to the State Income Tax previously approved as a temporary surcharge in June, 1989, and that the proceeds continue to be shared equally by local governments and school districts throughout the state. BE IT FURTHER RESOLVED that this Resolution be conveyed to Governor James Thompson, Governor -Elect James Edgar, State Senator Roger Keats, State Senator David Barkhausen, State Representative Grace Mary Stern and State Representative William Peterson. AYES: _5 - Reid, Shifrin, Mathias, O'Malley, Kahn NAYES: 0 - None ABSENT: 1 - Marienthal PASSED: January 7, 1.991 APPROVED: January 7. 1991 ATTEST: APPROV Vill e Clerk VERNA L. CLAYTON, Village Pre dent J