Monday, January 26, 2015

Your Tax Dollars at Work

Get dressed, get blessed, try to be a success.When asked for the secret to success, your LakeCountyEye always answers: Sacrifice & Hard Work.

Haha, j/k. The correct answer is: Move your company to Gurnee.

The News-Sun observed that ...
Gurnee area taxing bodies have been asked to pony up tax rebates to the tune of $2.3 million over five years to help bring the AKAHN Semiconductor corporate headquarters, tech incubator and manufacturing operations to the old Kenall facility in the Grand Tri-State Business Park.
Taxing bodies asked to pony up for tech firm eyeing Gurnee
Those taxing bodies included schools:
The requested 50 percent rebate on property taxes would total $172,000 for Woodland Elementary, $90,000 for Warren Township High School, $21,000 from Lake County, $18,000 from the park district and $10,500 from the township. The county also would rebate $500,000 in sales tax over five years.
Taxing bodies asked to pony up for tech firm eyeing Gurnee
If they teach Investing 101 at the Warren Township High School, this Daily Herald story from last week may be of interest:
Questions about the viability of a project touted by AKHAN Semiconductor -- a high-tech company being lured to Gurnee with millions of dollars in state and local incentives -- have surfaced in a complaint filed with a federal agency by a former Argonne National Laboratory executive.
Questions about AKHAN, looking to move to Gurnee, surface in complaint
Of course, $90,000 removed from any high school budget is a lot of money, even in the best of circumstances. To put that in some perspective, the Warren Township High School bully said he would need to steal a year's worth of lunch money before ever seeing $90,000.

That's all your LakeCountyEye has. Loitering between classes will not be tolerated.

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