The dam is broken. Incompetence has once again won. This County Board and its chairman have betrayed the trust of every voter that voted in the 2005 election when they approved the Public Safety Tax that passed overwhelmingly by a 2 to 1 margin and was to be devoted, or in proper terms, “obligated” to the repayment of the jail bonds. Would the county board chairman please explain what this board does not understand about these bonds?
I do recall when the 2008 board re-financed the bonds to meet the income of this safety tax you, Mr. Chairman, your vice-chair Mr. Rector and your buddy Mr. Nelson voted against this action. None of the three of you offered a meas by which we could meet the obligation of the $1.3 million annual payment with only $1 million coming into the treasury.
It is odd that you now rely upon the surplus in those funds that would not be in the bank if the board had followed the guidance by you and your supporters.
It is also disturbing that the unions will now be able to tap these reserves and of course you will be able to hire several new employees at total salaries above what they are willing to work for (Example, highway engineer).
If we had a board that was willing to provide good government policies instead of blindly being led over the cliff, you would know that in 2013, the State of Illinois passed a bill that allowed the county board to borrow funds from local banks without such actions as “Tax Anticipation Warrants” as in the past. These loans must be paid in full on a certain time schedule, and would not allow any “hanky panky” as we will see in the coming months. So, Mr. Chairman there was a means to meet the requirements of our fiscal shortfalls without tapping an obligated fund.