Harvey’s request for financially distressed relief rejected by Illinois Department of Revenue – Chicago Tribune

The Financially Distressed City Law allows home-rule municipalities in the top 5% of tax rates and the bottom 5% of tax income per capita to apply for fiscal relief via a state takeover of finances. The law was invoked once before, in East St. Louis in 1990. The Department of Revenue determined that while Harvey meets the requirement of being in the top 5% of tax rates, it is not in the bottom 5% for tax yield per capita, according to the letter.
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Hello, Indiana!
7 months ago

Harvey will know it’s in dire financial straits when it has to turn over ownership of city hall to satisfy a lawsuit judgement against the town as payment as East St. Louis did when it couldn’t pay the family of a man beaten into a coma by other people in his jail holding cell.

David F
7 months ago

The right answer is for start to allow municipal bankruptcy and then HELLO Chicago….

taxpayer
7 months ago

Harvey wants “fiscal relief via a state takeover of finances.” If they obtain it, what happens then? Does the State take on some of the municipal debt? Or does the State provide a direct subsidy for essential services? Or what?

Brian Jones
7 months ago

They seriously need to just dissolve the town. The government there is actively dragging the town down, it would be better off unincorporated.

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