How much cash are suburbs holding in reserve? And what are they planning to do with it? – Barrington Hills Observer/Daily Herald

According to the municipal audits, an average of 54.6% of annual operating expenses are being held in reserve among the 84 suburbs, which is the equivalent of nearly $1.3 billion combined. Said Ralph Martire of the Center for Tax and Budget Accountability. “Voters have the right to know why you are taxing at a level more than is needed to maintain current operations.”

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