Pappas’ request came in a letter to County Board President Toni Preckwinkle and board Finance Committee Chairman John Daley. Board acceptance is envisioned ahead of the end of the year.
That’s the same system the county applied for the 2nd half of this yr, with a lot of homeowners nonetheless paying out on the initial because of day but other folks having advantage of the grace period of time.
“I commend the president and the board for passing the initial waiver ordinance, which gave house owners some support when they essential it,” Pappas writes in the letter. “But they will need far more currently. . . .A pandemic is wreaking financial havoc like practically nothing we’ve observed right before. . . .We acted prior to and should act once again.”
Pappas claims in the letter that more than 200,000 house owners took advantage of the split to delay shelling out $1.4 billion in taxes. Business house owners also made use of the grace period, but stay under economic strain and a lot more than common nonetheless owe funds even soon after the grace interval finished.
Pappas also indicated that the county’s scavenger sale of tax-delinquent qualities remains indefinitely postponed, “until the governor lifts his pandemic catastrophe declaration. And that does not show up imminent.”
The tax charges included by Pappas’ ask for involve revenue owed to school districts, Chicago and other municipalities, the county and other taxing bodies. All have the capability to challenge tax-anticipation notes to include any delay in receiving their income, with a reasonably little value given latest traditionally minimal desire prices.