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Amending Kane County Financial Policies Regarding RTA Sales Tax Allocation
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WHEREAS, the Kane County Board desires to increase funding for public safety operations in the General Fund for Fiscal Year 2024 by increasing the allocation of RTA Sales Tax revenue to the General Fund by 25% by correspondingly decreasing the allocation of RTA Sales Tax revenue to the Transportation Sales Tax Fund by 25%.
NOW, THEREFORE, BE IT RESOLVED by the Kane County Board that effective December 1, 2023 the following policy language replaces section 13c through 13d of the Kane County Financial Policies:
c) It shall be the intent of the Kane County Board to allocate 35% of the RTA Sales Tax revenue to the General Fund to be used to fund operating costs of Public Safety.
d) It shall be the intent of the Kane County Board to establish, and there are hereby established, the following new restricted funds to receive the proceeds of the Mass Transit Sales Tax:
1. The Mass Transit Sales Tax/ Public Safety Fund - to be used for capital projects relating to the promotion of public safety - 9% of revenues
2. The Mass Transit Sales Tax/Judicial Technology Fund- to be used for capital projects relating to technology improvements for the judicial system - 6% of revenues.
3. The Mass Transit Sales Tax/ Transportation and Transit Fund - to be used for transportation and transit capital projects designed to reduce congestion or improve mobility within the County, which projects may include support for local innovation, coordination and enhancement activities as hereinafter provided - 50% of revenues.
Passed by the Kane County Board on November 21, 2023.
_________________________ _________________________
John A. Cunningham, MBA, J.D. Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Ill...
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