To the editor:
The La Grange City Council on Monday, Aug. 8, passed a 1 percent compensation tax. According to the ordinance, 100 percent of the funds collected through the tax will be used to pay the city’s bond obligation on Oldham Reserve business park.
Oldham Reserve is a 1,000-acre business development located off of Exit 22 on Interstate 71. It is home to The Rawlings Company, an 8OO-person operation; the average salary there is $63,000. From an economic development and spin-off perspective, this is equivalent to two or three medium-sized businesses.