On October 2, I posted a Rockford Register Star article regarding attorneys for Chrysler offering to paid 2008 taxes but refusing to pay penalties. See: http://boonecountywatchdog.blogspot.com/2009/10/chrysler-balks-at-paying-overdue.html
The question remains, what are the local taxing bodies going to do?—Nothing? Could each of the district’s waive the penalty? Do each of the taxing districts need statutory relief so the late fees can be waived? Should we contact our state legislators for a change in the law. More than a mere legal opinion, the taxpayers needs some action-- a strategy for relief. The final settlement to this bankruptcy could be months or years away.
Below is the county treasurer’s notice to the taxing districts and Chrysler’s nearly $884,000 tax bill. Look at the tax bill: our school district cannot afford $448,000 not being paid, Belvidere needs the $115,000 and the county its $85,000.
Click on the photocopy to enlarge: