Tuesday was the Long Range Financial Planning meeting (see Required reading for background, as well as category budget for DGreports extensive posts on past budgets). Barnett and Beckman were unable to attend. All the curve balls and budget sucker punches thrown by the state we’ve already discussed. There was a general agreement among council members that the existing [...]
Entries Tagged as 'Taxes'
Village budget: 2011 edition
July 1st, 2010 · 2 Comments · Village Council, Village Hall, budget, government
Required reading
June 21st, 2010 · 1 Comment · Public opinion, Strategic Planning, Taxes, budget
At the last June council meeting Mayor Sandack referred to 4-5 resident comments on the village website regarding Long Term Financial Planning that starts on June 29th.
The lack of input may be from lack of information. This link will take you direct to a 15 page village summary report on the current financial state, and [...]
Tags: budget·local government·municipal budget·planning·Taxes
Bandaid medicine for major surgery
May 23rd, 2010 · 12 Comments · District 58, District 99, Taxes, Uncategorized, budget
The state’s unfunded pension debt passed the $85 billion mark this summer. That unfunded liability is squeezing out money for other valued needs, such as education and health care. It means the state has less money for things like child-care aid and fixing roads and schools, or paying some of the $1 billion it owes [...]
Tags: budget·local government·municipal budget·school board·Taxes
More village budget problems
March 8th, 2010 · Comments Off · budget
The state is pulling us off the same cliff edge they jumped off years ago.
David Vaught, Governor Quinn’s budget director, announced Quinn’s intention of reducing income tax payments to municipalities in Illinois by 30%.
“You need to take a look and say OK, does everybody have skin in the game here?” Vaught said. “It just doesn’t [...]
Budget known, HFest unknown
December 1st, 2009 · 27 Comments · Heritage Fest, Village Council, budget
Budget passes 6-1.
Everyone on council agreed this was a tough budget to do, and in the end all but Commissioner William Waldack voted for it. Several council members echoed Bruce Beckman’s request for a “debriefing” so that the good and bad of this year’s marathon process could be reviewed and improvements wrought.
Most council members had [...]
Tags: budget·Heritage Fest·local government·municipal budget·property taxes·Taxes·village·Village Council
Another piece of the puzzle
November 23rd, 2009 · 1 Comment · Downtown Redevelopment, Strategic Planning, Taxes, budget
So far there’s been an ongoing discussion of pensions, which unfortunately only the state can address; we’ve posted on payroll escalations in the upcoming year, cost per resident comparisons, payroll and staff comparisons, expense cuts and potential revenue generators. Look in “budget” under category in the side bar search and you’ll get a good jumping [...]
Levy fixed, discord variable
November 18th, 2009 · 24 Comments · Community Events, Heritage Fest, Taxes, Uncategorized, Village Council, budget
Mayor Sandack doesn’t want a village dentist.
This is going to be a collaborative report, and will be modified. I took what EJ wrote last night and spliced in my own notes, and she will do the same later. I encourage everyone to chime in with their own thoughts, as a couple times I was caught [...]
Tags: budget·DeVry Inc.·Downers Grove Community Advocates·local government·municipal budget·property taxes·Taxes·Village Council
Village budget: Council weighs in
November 4th, 2009 · 5 Comments · Uncategorized, Village Council, budget
After months of staff study, staff reports and investigation of what expense and revenue tools were available, tonight the 2010 budget began to come into focus. There’s still a way to go, but for the first time publicly and in detail council put some skin into the budget process tonight, outlining what their thoughts were [...]
10/3 village budget workshop
October 4th, 2009 · 5 Comments · Taxes, Village Council, Village Hall, budget
A packed house.
This eighth budget meeting was the first of nine meetings that will actually lead to a real budget. All of the programs that have had cuts proposed for them were lined up to be discussed. Mayor Sandack took a straw vote to see where the big turnouts were for what issue, and took [...]
Planning for sustainability
October 15th, 2009 · 28 Comments · Commentary, budget
Our village employees, in light of recent changes to overtime, health insurance and pay, still enjoy a generous compensation package. Some say too generous; some say well worth it. The reality is our local government is immune from free market private sector factors that set the pay point where demand meets supply.
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Tags: budget·Taxes