Posted by kankakeegazette.com staff | News & Opinion June 9, 2012, 3:58 a.m.
Bourbonnais Township Park District plans to spend 3.1 million dollars of your money to buy the failed recreation facility, Hidden Cove Sportsplex.
Because of the Tax Cap law, they can’t raise taxes without your permission. So Bourbonnais Park District Executive Director Hollice Clark and the BTPD Board will do an ‘end-around’ play and borrow the money by issuing alternative revenue bonds for which no permission is required.
To add insult to injury, they have pointed out that your tax RATE will not increase. They imply it won’t cost you anything.
It will cost you. What they don’t tell you is that you will be paying that 3.1 million dollars plus interest out of your taxes.
It’s a simple accounting trick used by car dealers for years. You have all heard salesmen say: “Don’t worry if your old car isn’t paid off yet – we’ll just put it on the new car loan and extend your current payments!”
Essentially, BTPD will extend out for twenty years the loans they already have. Sure, your payments won’t go up – you’ll just be paying longer.
The failing Hidden Cove Sportsplex isn’t free – it’s 2.4 million dollars plus .7 million dollars for unspecified “other park upgrades” (Daily Journal May 26) – that BTPD plans to buy without getting your permission to spend your taxes.
You can stop them cold – all you need do is gather 2000 signatures on petitions requiring that BTPD has to put this purchase to a referendum vote on November 6.
Make sure you sign the petition when someone brings it around. And you can volunteer to help collect signatures even if you live outside the BTPD area.
If the project has merit, why not let the voters decide? Failure to put projects like this in front of the voters raises suspicions as to the project’s legitimacy. Continue reading »