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 [...]
Entries Tagged as 'Taxes'
More village budget problems
March 8th, 2010 · No Comments · budget
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 [...]
Village presents proposed budget
September 28th, 2009 · 9 Comments · budget
It isn’t pretty, to no one’s surprise…
Last Thursday Village Manager Dave Fieldman released the 2010 preliminary budget proposal. Council and residents will meet Saturday technically for the first budget workshop meeting, but really for the eighth time trying to come to grips with too many expenses and to little revenue. This time, finally, there’s [...]
Tags: budget·municipal budget·planning·Taxes
Taxing times
August 21st, 2009 · Comments Off · Development, Economic Development, Local Business, budget, community development
With my thanks to EDC President Greg Bedalov, from his quarterly presentation to council: where our sales tax revenue comes from, why we’re in a budget vise that’s sqeezing us hard, and what’s being done to ease the pain…
Not another $$$ planning meeting!
August 8th, 2009 · 10 Comments · Strategic Planning, Taxes, Village Council, Village Hall
Yes, and you better be paying attention, because this one deals mainly with revenue sources needed to make up for existing shortfalls.
On Tuesday August 4 village staff laid out the next step in getting workable budgets. Village Manager Dave Fieldman again led the Long Range Financial Planning meeting, and outlined a multi-year game plan to [...]
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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