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Resolution 2004-11 COUNTY OF KENDALL ) ss STATE OF ILLINOIS ) RESOLUTION NO. 2004 - WHEREAS,the Illinois Tourism Industry produces 300,000 jobs, 22 BILLION DOLLARS annually in visitor spending, 1.5 BILLION DOLLARS annually in state and local taxes, and $525 in tax relief annually to an average family of four. WHEREAS, due to a down economy, tourism already is suffering, having lost 1.6 BILLION DOLLARS in visitor spending, 12,000 jobs and $60 MILLION DOLLARS in state and local taxes between 2001 and 2002. WHEREAS,these losses already created a reduction in the State Tourism Budget from 75 to 54 MILLION DOLLARS in State Fiscal 2004, the proposed budget cuts in tourism for the 2005 State Fiscal Year will reduce the State Tourism Budget by 64% from 2000 levels, the last time Illinois saw growth in this sector. WHEREAS, the potential impact of the proposed cut could be: The need for a$525 tax increase for the average Illinois family of four. A total loss of 30,000 jobs A 2.2 BILLION DOLLAR loss in visitor spending A 109.4 MILLION DOLLAR loss in state taxes (more than 4 times the proposed "savings") A 53.6 MILLION DOLLAR loss in local taxes WHEREAS, the potential impact by industry could be: 395.5 MILLION DOLLAR loss in hotel sales 514 MILLION DOLLAR loss in restaurant sales 158 MILLION DOLLAR loss in entertainment and recreation sales 408.9 MILLION DOLLAR loss in gas and rental car sales 175.9 MILLION DOLLAR loss in retail sales WHEREAS, tourism is the only Illinois industry in all 102 counties, employs one in 10 jobs in Illinois, generates 1.1 BILLION DOLLARS annually in state tax revenue (4.4%of the General Revenue Fund used for education, healthcare, public safety and other basic services), is one of the very few industries in which the State has invested that is a huge REVENUE PRODUCER for the State, and is the single greatest hope for a stagnant economy in Southern Illinois. THEREFORE BE IT RESOLVED that United City of Yorkville believes that the maintenance of Tourism Funding by the State at its existing level is critical to the economic well being of the State and the welfare of the single industry with the greatest growth potential for Illinois in the future, and encourages the members of the Illinois Pagel of 2 Legislature and the Administration to recognize that the proposed cuts are in direct conflict with the State's own economic ROI policies. With the proposed cut in Illinois' investment in tourism, it will take years for the Tourism industry to rebuild itself, while the State and Local Governments will continue to lose money. PAUL JAMES � MARTY MIJNNS RICHARD STICKA WANDA OHARE VALERIE BURD -- ROSE SPEARS LARRY KOT JOSEPH BESCO APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this day of , A.D. 2004. MAYOR PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, this day of , A.D. 2004. C TY CLERK Page 2 of 2