Kane County voters may soon decide whether the Forest Preserve District should proceed with another major bond sale, its third in eight years.Existing homeowners use the power of the state to artificially limit the supply of housing.Some places hate a middle class lifestyle.
If the Forest Preserve Commission approves the question Tuesday, there will be an April 17 referendum measure to determine if the district should sell $85 million in bonds to buy more open space.
The owner of an average-priced home in Kane County could pay an additional $23 a year in property taxes if the measure gets approved, according to projections.
Kane voters overwhelmingly approved the sale of $75 million in open-space bonds in 2005, after approving $70 million in 1999. Since 1999, the district has expanded its holdings from about 4,000 acres to more than 16,000 acres.
"This is an investment in the future," commission President John Hoscheit said Friday. "We feel the dollar amount we are asking for is reasonable."
Monday, January 08, 2007
Kane County weighs bond vote to buy forest land
The Chicago Tribune reports on the scam to eliminate the middle class in Illinois: