tag:blogger.com,1999:blog-4840511756286055487.post5313079429925815713..comments2024-03-29T04:22:07.879-06:00Comments on Illinois Transportation Issues: Last Minute-itisTom Bamontehttp://www.blogger.com/profile/08257129333713108323noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4840511756286055487.post-47833327699922402482007-05-30T10:00:00.000-06:002007-05-30T10:00:00.000-06:00Following up your link, there is a Second House Am...Following up your link, there is a <A HREF="http://www.ilga.gov/legislation/fulltext.asp?DocName=09500SB0572ham002&GA=95&SessionId=51&DocTypeId=SB&LegID=&DocNum=0572&GAID=9&Session=" REL="nofollow">Second House Amendment to SB0572</A>, which incorporates the RTA's position on taxes (raising the sales tax in Cook by .25% and the collar counties by .50% and giving the right to impose the real estate transfer tax in Chicago), and keeps the distribution of revenues the same for presumably the portion of the tax collections corresponding to the old tax rates (references to 85% of 80% of certain taxes, for instance). If anyone can really figure out the new funding formula, please let us know.Anonymousnoreply@blogger.com