From Illinois Business Journal news services
COLLINSVILLE – The Collinsville Township Board of Trustees will consider an increase of its property tax levy as high as 4 percent Tuesday night, and one trustee says he’ll be voting against it.
“Collinsville Township is very sound financially,” said Trustee Chris Guy. “Just because the board has the ability to increase property taxes, it doesn’t mean they should. I will be voting ‘no’ on any increase to the property tax levy.”
Last year Collinsville Township generated $3.6 million in revenue and spent $3.1 million,” he said. “The township has over $3.5 million in cash on hand with over $1.5 million in investments totaling $5.1 million.
Guys said that taxpayers concerned about high property taxes in Collinsville Township are encouraged to attend and share their opinion at Tuesday night’s (tonight’s) township board meeting.
Collinsville Township with a population of 36,300 residents includes all or parts of Collinsville, Maryville, Glen Carbon and Pontoon Beach.
“The township has $5.1 million in cash and investments on hand,” Guy said. “There is no legitimate reason to be increasing property taxes. The township has what it needs to operate without jeopardizing services.”
The meeting will be held on Tuesday, Nov. 24, 7 p.m. at the Collinsville Township Building, located at 305 E. Main St. in Collinsville.