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

Change

$600,706.60 (416.9%)

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.

Comments are closed.

Set your Twitter account name in your settings to use the TwitterBar Section.