As we prepare to celebrate the holidays and welcome in a new year I would like to take a quick look back at some of the highlights of the past year in Ringwood. In February your Village Officials took the unfortunate but necessary action and acted within our legal right to demolish the 8-unit apartment building located at 5024 Barnard Mill Road. Over the last 8 plus years, the property owner had numerous opportunities to demolish the building. But instead opted to appeal the case to a higher court despite the fact that each time an appeal was heard, the courts ruled consistently in the Village’s favor that the building was unsafe and should be demolished. In short, after 8 years and numerous appeals your Village Officials did not believe they had any other option but to demolish the building.
In Governor Rauner’s February 18th Budget Address to the Illinois General Assembly the Governor proposed to cut the Local Government Distributive Fund (LGDF) by 50%. LGDF is a state fund into which a portion of state income tax revenue is deposited annually. Cities, village and counties currently receive 8% of total state tax revenue through this fund. A 50% reduction in LGDF would cost the Village of Ringwood $41,382 annually. McHenry County municipalities and county would see a nearly $14 million dollar loss in LGDF revenue (See attached loss of revenue chart on page 2).