ROCKFORD — Rockford Area Realtors have endorsed the Rebuilding Rockford campaign to renew a 1% road and infrastructure sales tax for another five years.
Neeley Erickson, local government affairs director for Illinois Realtors, said area Realtors are supporting the referendum because it saves property tax payer money, eliminating the need for Rockford to borrow and pay interest to fund road and infrastructure projects. Realtors donated $10,000 toward the campaign.
“Property owners in the city of Rockford have greatly benefited from this approach to road funding,” Erickson said in a news release. “The tax has eliminated interest payments and paid off old infrastructure bonds. Roads and infrastructure improvements are a true pay-as-you-go funding stream, allowing the city of Rockford to do more work for its residents.”
Voters will be asked on a referendum question during the Feb. 23 primary election to reauthorize the tax.