Budget

The Lockport City Council will hold a public hearing on its proposed $24.5 million 2025 budget on Wednesday before its expected approval on Dec. 4.

The Will County Forest Preserve District approved its 2025 budget, including a reduction of property taxes by 27% while still funding capital improvements.

Lockport's Committee of the Whole meeting on Wednesday immediately following the City Council meeting will include preliminary discussions of the 2025 budget as well as plans for a new housing development near Cedar Ridge.

Taxpayers in Ogle County could see around a 0.4-cent change per $100 on their property tax bills next year, if Ogle County Board members pass the proposed budget for 2025 on Nov. 19.

After a sobering report on the condition of Sterling Fire Department’s apparatus, many have asked: “How did we get here?” To answer those questions, we need to go back a few years, writes Shaw Local reporter Brandon Clark.

DuPage County Board Chair Deborah Conroy is proposing a 2025 budget includes money to help address food insecurity and affordable housing, hire more prosecutors and public defenders among other items

Will County Executive Jennifer Bertino-Tarrant focused on expanding government services and the strength of the local business climate in her annual State of the County address. Some budget priorities outlined.

Illinois entered a new fiscal year Monday with a bit of a financial cushion as the prior year’s revenues exceeded final projections by about $123 million.

Gov. JB Pritzker on Wednesday signed the state’s $53.1 billion spending plan for the upcoming fiscal year, the largest in state history. Illinois’ largest-ever spending plan increases education, human services, and infrastructure funding.

In order to boost infrastructure spending and avoid a projected fiscal cliff facing the state in the next couple of years, Democrats who control state government are betting on two of its most rapidly growing revenue sources: sports wagering and video gambling

Early discussions by an Ogle County Board task force dedicated to ensuring the future financial stability of the county have centered around increasing landfill revenue and decreasing Ogle County Jail expenses, possibly by closing the jail.

Two days after the General Assembly was scheduled to adjourn its spring session, Democrats in the Illinois Senate advanced a $53.1 billion budget to the House Sunday night, where leaders expect it to pass without changes.

The plan for village hall, with a cost of $6 million, will be paid for through bonds purchased by the village, and will be paid back over the course of 20 years.

As it deals with funds drained by escalating maintenance, staffing and program costs, the Morrison School Board on Monday night heard from its superintendent about the need to start discussing budget cuts.

Illinois Gov. JB Pritzker is also proposing spending $10 million in state funds to buy Illinoisans’ past-due medical debt that’s been sent to collections.

The annual process of negotiating the state budget kicked off Wednesday with Gov. JB Pritzker proposing a $52.7 billion spending plan that includes hundreds of millions of dollars in new spending and tax increases, particularly for businesses

Gov. JB Pritzker on Wednesday proposed growing state spending by about $1.8 billion in the upcoming fiscal year while making a handful of corporate, sports wagering and other tax changes to pay for the increase.

Republicans in the Illinois Senate indicated Tuesday that their sticking point for budget negotiations this year will be the same as it was last year – state spending on programs for noncitizens and recent arrivals from the country’s southern border.

Gov. JB Pritzker will give his sixth state budget address this week, laying out his plan for a fiscal year that government forecasters in November predicted is on pace for a near-$900 million deficit unless corrective action is taken.

Some council members said they want to take a closer look at inspector general report on museum.

Miller: The Governor’s Office of Management and Budget released a revised state revenue and spending forecast last month for the current fiscal year and it’s pretty good. Its projections for next fiscal year, however, were not nearly as strong.

City plans to bring back deputy city manager, communications staffer and lawyers.

The Lake County Forest Preserves Board of Commissioners approved the fiscal 2024 budget at its Oct. 11 meeting.

Budget up 5.5% to $111 million

The city of Sycamore recently approved its last half-year budget before it realigns its fiscal year to coincide with the calendar year, with monies focused on staffing the city’s first responders.

Rep. Sean Casten (D-Downers Grove) announced his Community Projects for Fiscal Year 2024, which could bring over $30 million in federal funding to the 6th Congressional District.

Increase reflects board’s strategic plan from 2021 that calls for MAP funding to reach $1 billion in 10 years.

Despite previously suggesting it, the DeKalb County Board this week declined to move forward with a proposed 2022 ballot referendum which would have asked voters to consider a tax levy to help the financially struggling DeKalb County Rehabilitation and Nursing Center.

The DeKalb County Board is considering a 2022 ballot referendum to ask voters to consider a tax levy which would aid the financially struggling DeKalb County Rehabilitation and Nursing Center. If approved, the referendum would be on the June primary ballot.

Gov. JB Pritzker made a stop in DeKalb Thursday to tout a plan for funding more Illinois students in higher education, including at Northern Illinois University. He said his $200 million plan will address the state's "exodus of young people."

Proposed 2022 Joliet budget projects increased revenues, includes 29 new positions

Oregon taxpayers could see a decrease on their property tax bills next year if the city’s proposed budget is passed Dec. 14.

County officials originally proposed a larger property tax levy increase for 2022, but many board members were uncomfortable with the idea

“At this point in our trajectory, I think it’s not going to send a proper statement to the residents at this time in the middle of a pandemic to raise taxes,” board member Jeff Thorsen, R-Crystal Lake, said

Sales tax receipts also grew by $1.1 billion as consumer demand, boosted by federal stimulus payments as well as an improved job market, helped lift retail spending. That was $179 million more than CGFA had forecast and $250 million more than GOMB’s estimate.

I’d been hearing since the end of May when the General Assembly adjourned for the summer that there were some problems with the state budget legislation that needed to be fixed

Despite the COVID-19 pandemic and all its indefinite and negative impacts on local revenue streams, the City of DeKalb proposed 2021 budget is balanced, thanks in part, said City Manager Bill Nicklas, to some federal pandemic relief funds

The City Council debated at length this week over whether to replace a fire station roof said to be in danger of caving in after hearing a budget projection that could leave Joliet city government broke by November.

There are a lot of ifs in the proposed Joliet budget for 2020.

The proposed DeKalb budget projects $101.8 million in expenses and $103 million in revenue, with 192 full-time positions (five fewer than last year) and 40 part-time positions (four fewer than last year).

City staff and at least some elected officials, including the mayor, appear at odds over whether Joliet is keeping up with its aging fleet of vehicles and road equipment.

DeKalb School District 428 Board members approved a budget with a $7 million deficit this week, but will soon be making what they said will be the last big payment – $10 million – in their years-long strategy to restructure $108 million in bond debt

One challenge facing the Joliet City Council as it reviews its proposed budget Monday will be how to avoid a tax hike without spending more money out of its rainy day fund.

Add unpaid water bills to the list of money the state owes the city of Joliet.

The budget showdown in Springfield has slowed the city of Joliet budget process, although probably by just a week

The solution to the state budget crisis could determine whether cities, counties and townships ever see their shares of gasoline and gambling taxes again.