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HomeMy WebLinkAboutRes 31-10 09/21/2010 RESOLUTION NO. 31-10 A RESOLUTION OPPOSING THE BORROWING OF MOTOR FUEL TAX DISTRIBUTIONS IN EXCHANGE FOR THE RELEASE OF CAPITAL BILL FUNDING WHEREAS, the Village of Mount Prospect is a member of the Northwest Municipal Conference (NWMC), a corporate organization representing municipalities and townships chartered within the State of Illinois and Counties of Cook, DuPage, Lake, Kane and McHenry; and WHEREAS, the public officials of the Northwest Municipal Conference represent forty -three local governmental bodies and a population of over 1.3 million residents; and WHEREAS, the State of Illinois is proposing to borrow one month's worth of Motor Fuel Tax (MFT) distributions to the state, municipalities, counties and townships; and WHEREAS, in return, the state would distribute $100 million in funding pledged to local governments contained in last year's capital bill; and, WHEREAS, for over 80 years, MFT funds have been the lifeblood of public works departments, and local governments rely on MFT revenues to undertake critical capital projects; and WHEREAS, local governments in Illinois are responsible for more than 88 percent of the public road mileage carrying the traffic which generates MFT user fee revenues; and WHEREAS, the State of Illinois appropriated $500 million in the capital bill for local government capital spending to supplement existing MFT revenues; and WHEREAS, the release of local capital funding and preservation of MFT distributions are necessary to address deferred maintenance and spur economic growth; and WHEREAS, the Village of Mount Prospect 2010 municipal budget includes $1.455 million in MFT funds for critical capital projects. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD THAT THE VILLAGE OF MOUNT PROSPECT with fellow members of the NWMC strongly oppose the State of Illinois's proposal to borrow MFT distribution in order to assist with state budget shortfalls. SECTION ONE: The Village of Mount Prospect and fellow members of the NWMC anticipate the release of the local capital funding to improve infrastructure, create jobs and strengthen the Illinois economy; and SECTION TWO: That a copy of this resolution opposing the borrowing of MFT distributions shall immediately be forwarded to the Governor and the Illinois Secretary of Transportation. AYES: Hoefert, Juracek, Korn, Matuszak, Polit, Zadel NAYS: None ABSENT: None Passed and approved this 21 day of September, 2010.