- I Need To…
Last year, federal regulators approved the purchase of the EJ&E Railroad by Canadian National. For CNI, the purchase was part of a strategy to reduce congestion in Chicago by moving rail traffic through Chicago’s suburbs—including a significant portion of Will County.
While it is difficult to imagine a benefit to waiting at a railroad crossing, we believe we’ve found one: the amount of tax Canadian National pays on the tracks it owns in Will County increased by 417%.
|Elgin, Joliet & Eastern Railroad|
|2008 Railroad Tax||$144,089.42|
|2009 Railroad Tax||$744,796.02|
With more than two-thirds of the levy slated for local school districts, you can conclude that the bulk of the increase in Canadian National’s tax levy will benefit school districts across the county.