Fox Lake: How to pay for road repairs?
FOX LAKE – After surveying its streets, the village of Fox Lake is looking to repair trouble spots.
The question is how to pay for the work, said Trustee Jon Mumford, who is the liaison between the Village Board and street department.
Eric Anderson, managing director at BMO Capital Markets, is to outline the village’s options at today’s meeting.
The village could raise taxes, issue bonds or establish a special service area in certain neighborhoods, Mumford said.
Like every municipality in Illinois, Fox Lake receives revenue from the state’s motor-fuel tax. It also receives funds through the federal community development block grant. Those have been used to pay for road projects, including resurfacing that was completed this year, but, Mumford said, there are restrictions on how that money can be used.
The community development block grant is handed out by the U.S. Department of Housing and Urban Development and can be used only in low-income neighborhoods.
Some of Fox Lake’s streets are too narrow to qualify for motor-fuel tax funds.
Plus, there are “a lot of hands in that pot,” Mumford said. For example, motor-fuel tax revenue also is used to buy salt to de-ice roads.
The village’s comprehensive plan sets the order in which streets will get attention based on their condition. It also lines up sewer and water work so that a newly repaved road isn’t torn up to replace pipes.