It's never to early to plan for lost income
I do not understand how Mayor Al Larson of Schaumburg can say it is too early to start planning for a loss of income from the state.
Mr. Mayor, it would be a plan, maybe a two-part plan, one in which the full 50 percent loss in income, over $3 million, would be gone, a second one in which Schaumburg were to lose $1.5 million or 25 percent of the current funding.
The planning and the necessary spending cuts were not taken until well after the downturn in the economy in 2006 with the loss of sales tax revenue and we now have a property tax in Schaumburg. No one said you had to implement the plan, heaven forbid you actually cut spending, but planning for it is not a bad idea. I is a fiscally prudent idea.
David Krein
Schaumburg
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