New Funding Option Could Help Us Repair Our Streets
Franklin Park is exploring a new funding option that will help us repair, replace and maintain our streets.
A recent study indicated that 73% of our streets are in either poor or failed condition. Well-maintained streets are essential to the safety and quality of life, to a business ability to operate and to the Villages ability to attract new businesses, jobs and investment to our town.
We are formulating a plan that could address most of this serious issue without raising property taxes.
Franklin Park has experienced a dramatic increase in businesses moving into our Village. We want to capture that economic vitality to improve our Village and utilize the 1% sales tax to further improve our roads.
Our neighbors, including, Schiller Park, Rosemont, Elmwood Park, Melrose Park and River Grove have financed improvements including street maintenance, by placing a 1% sales tax on purchases made within their Village.
If Franklin Park adopted a 1% non-home rule sales tax, it would NOT apply to groceries or medicine, nor would it affect utilities or gasoline. This sales tax would NOT impact real estate transfer taxes. Most importantly, we would be able to repair and maintain our streets without increasing our property taxes.
A community survey was recently mailed on this subject and I hope you take the time to answer it. I want to make sure we have our citizens input as we consider this important matter!