Breaking News Bar
posted: 3/24/2013 5:00 AM

Endorsement: Yes on tax for Round Lake Park police pensions

hello
Success - Article sent! close
 

For too long, Round Lake Park has let its police pensions fund languish, while the brutal economy continues to hamper what meager opportunities it has to keep the fund healthy. Now, the town finds itself looking at a 20 percent-funded account -- experts recommend 60 to 80 percent funding -- and few options for strengthening a system it has both a legal and moral obligation to support. Thus comes a ballot request to permit a 37 percent property tax increase, just under an additional $100 a year for the owner of a $100,000 home, to ensure the health of the police pension fund. The circumstances are unfortunate, but voters really have no good choice. Failure to provide the increase could lead to lawsuits or significant diversions of funds from the community's already bare-bones budget. Residents will pay one way or the other. We recommend they accept the tax increase, so the village can stabilize its financial picture and move on.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close
Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here