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South Suburbs challenge Cook County on proposed change to financial incentive

South suburban officials are raising their voices against a proposed change by Cook County to the Class 8 and other tax exemption that would force contractors to pay a prevailing wage on business work sites.

They say this proposed change in construction contracts could sideline all new development in the area. Dozens of officials testified against changes to the tax incentive amendment at the Cook County Board of Commissioners finance committee meeting March 1. No action was taken but the amendment is on the committee’s agenda again for Wednesday, March 14.

Homewood Mayor Richard Hofeld called the proposal “the most important economic development issue” he’s faced in 21 years. He was one of the officials who spoke March 1…Please click here to read David P. Funk’s story in the Homewood-Flossmoor Chronicle,  or here for related comments by Tinley Park Mayor Jacob C. Vandenberg.

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