In a shocking move, Lyons Mayor Chris Getty took out a $245,000 loan from his own campaign committee to settle a personal tax liability stemming from a divorce case. The loan is not only unusual but also leaves Getty's once-plush campaign fund with dwindling cash reserves, raising questions about the mayor's financial management.
Getty used the funds borrowed from his campaign committee to pay off $156,961.91 in federal taxes owed on the 2023 tax year, according to reports. The loan is tied to a federal tax lien that Getty was hit with this summer, which he claimed had nothing to do with a federal investigation he was caught up in over the last few years.
However, campaign lawyer Burt Odelson, who also serves as municipal attorney for Lyons, said the stress from the investigation led to the breakdown of Getty's marriage, resulting in the tax liability. Odelson claimed that Getty tried to secure a traditional loan but was unable, and the law does not prohibit a candidate from borrowing from their own campaign committee.
While Odelson defended the loan as necessary for Getty's financial well-being, Illinois State Board of Elections officials described it as "highly unusual" and expressed concerns about transparency. Records show that at the end of September, Getty's campaign fund had just under $20,000 on hand to spend, while Getty himself pays $3,300 a month in alimony and child support.
The move has raised questions about Getty's financial management and potential conflicts of interest. It also highlights lax state rules governing campaign funds and the lack of teeth for regulators to crack down on such practices.
Getty used the funds borrowed from his campaign committee to pay off $156,961.91 in federal taxes owed on the 2023 tax year, according to reports. The loan is tied to a federal tax lien that Getty was hit with this summer, which he claimed had nothing to do with a federal investigation he was caught up in over the last few years.
However, campaign lawyer Burt Odelson, who also serves as municipal attorney for Lyons, said the stress from the investigation led to the breakdown of Getty's marriage, resulting in the tax liability. Odelson claimed that Getty tried to secure a traditional loan but was unable, and the law does not prohibit a candidate from borrowing from their own campaign committee.
While Odelson defended the loan as necessary for Getty's financial well-being, Illinois State Board of Elections officials described it as "highly unusual" and expressed concerns about transparency. Records show that at the end of September, Getty's campaign fund had just under $20,000 on hand to spend, while Getty himself pays $3,300 a month in alimony and child support.
The move has raised questions about Getty's financial management and potential conflicts of interest. It also highlights lax state rules governing campaign funds and the lack of teeth for regulators to crack down on such practices.