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 [...]
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…
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 [...]
Champaign’s $96,000 study identifies tax surplus generating development. A buddy downstate emailed me this study, noting one other blogger already has written about it. His point; there’s a temptation to simply do what generates surplus income for the municipality.
I’m taking up Chad’s and Meat’s summer reading suggestions. Anything is better than what I’ve been reading: HB255. Our local rep Patti Bellock was a co-sponsor of this bill; she pulled her sponsorship the day it turned from an Estate Tax bill into a gambling/tax and fee increase bill. After the break, a synopsis of [...]
Required Reading When Quinn (the rescue Moe) came to the rescue of a s(t)inking state budget by throwing residents and businesses all a huge tax anchor, he was quick to demand that any naysayers provide a complete alternate solution. The Illinois Policy Institute has done exactly that. All that’s needed is the will, the moral [...]
Downers Grove village staff Saturday presented a preliminary $42.3 million annual budget that would avoid dipping into reserves even as sales tax and other revenue sources decline or remain flat. To economize, staff suggests allowing 7.25 positions to remain vacant for a savings of $580,000 and to reduce the village fleet by 10 vehicles over [...]
BloggingStream by 
