WREX TV Rockford, Illinois
ROCKFORD -- We all like to save money and that's exactly what this next announcement is going to help some of us do. Thanks to the Chicago Rockford International Airport watching every nickel and dime, property owners will be able to keep more of that spare change in their pockets.
Administrators didn't expect to be debt free this soon. But now that RFD paid down its debt, we will see the part of our property tax that goes to the airport drop by 62%. It doesn't happen very often, but the airport is actually going give us money. RFD Executive Director Bob O'Brien says, "They're not going to retain that money and carry it over. They are gonna give it back to the rightful owner, the taxpayer."
Three years ago we were asked to chip in more than just taxes. The airport started a campaign to raise $250,000. O'Brien says being debt free just proves they meant what they said. "We want to move towards financial independence where users pay for the facility. In the long run this could bring economic wealth to the community."
That contribution to the community is a goal of the airports. The Chicago Rockford International Airport pumps in about $719,000 to the community. That's the 2nd largest in the state next to O'Hare. The goal is to have a $1 million economic impact.
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