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Council weighs home-rule charter as option to expand local revenue options
Summary
Franklin Park council members discussed whether to pursue a home-rule charter and possible revenue changes such as adjusting the realty transfer tax; members emphasized messaging, timing for a November ballot and public outreach before any charter question appears on a ballot.
Franklin Park Borough Council members discussed beginning a home-rule charter process that could allow additional local revenue tools, including potential changes to the realty transfer tax.
Council members said the borough currently collects roughly $500,000 per year from the transfer tax and noted that modest changes could materially affect borough revenue. "Most of the people currently on councils are pretty happy with free council," one council member said, but added that the discussion centers on finding "new sources of revenue that don't…
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