Wednesday, April 24, 2013
The budget takes effect May 1.
Romeoville village trustees last week signed off on a $114.5 million budget for fiscal year 2013-14, an increase over last year's $91.4 million budget. The overall property tax levy is the same as last year. Read: Village OK’s Decreased Budget, Electric Aggregation Plan "This year's total budget reflects a commitment to redeveloping the Downtown by utilizing TIF funds to construct the Downtown Athletic and Event Center, as well as related infrastructure and streetscape improvements in the Downtown area," the village said in a press release. According to officials, the new budget will mean a $2 decrease for most residents on next year's tax bill, along with another $20 water bill rebate come October. Mayor John Noak said the budget …
Tuesday, January 29, 2013
The district's operating fund deficit is an improvement over what was anticipated last fall, but reduction in general state aid could cause future deficits.
Editor's note: This article has been updated to include response from Edward Hospital. Plainfield School District 202 is projecting a $1.8 million operating fund deficit in its updated budget. The school board on Monday approved putting its amended budget on public display for 30 days. The $1.8 million deficit is an improvement over last September’s anticipated deficit of about $8.9 million. At the time, the school board was required by law to file its budget, but noted that it would be updating the budget throughout the year and filing an amendment this winter. Related: Plainfield School Board Approves $198 Million Tax Levy Among the savings include eliminating some positions that were included in the budget as placeholders only in the …
Tuesday, November 20, 2012
Non-personnel cuts and additional revenue has reduced a once-anticipated $8.9 million operating fund deficit down to $1.8 million.
Plainfield School District 202 administrators have a clearer picture of the 2012-13 budget, which now projects a $1.8 million deficit, district officials said Monday. The District 202 board adopted the budget in September with a projected $8.9 million operating fund deficit. While the board was required by law to file a budget in September, it also knew that work needed to be done to reduce the deficit and an amended budget will be filed this winter. The district was able to save about $5.2 million in non-personnel cuts, Angela Smith, assistant superintendent of business and operations, said. The biggest reduction – saving about $3 million – came by eliminating about 200 vacant teaching, administrative and support positions that were kept …
Tuesday, September 25, 2012
The Valley View School District 365U passed its 2012-2013 fiscal year budget Monday night.
The Valley View School District 365U school board passed its 2012-2013 budget with a unanimous vote Monday night. The $275 million budget is $17.2 million more than the 2011-2012 budget. School officials said the addition of all-day kindergarten to the district accounts for $13.5 million of that increase. Salaries and benefits account for 71.7 percent of the budget, according to Gary Grizaffi, assistant superintendent of administrative services. Salaries are up 3 percent in the budget to $136,613,903 (49.7 percent of the total budget). Benefits are up 8.1 percent to $60,328,539 (22 percent of the total budget). Grazaffi said there was a net decrease of 7.93 positions from FY12 to FY13. Loss in revenue Three primary revenue sources for …
Monday, September 24, 2012
The Valley View School District 365U school board will vote on its proposed fiscal budget 2012-2013, among other items, at its meeting Monday.
The Valley View School District 365U school board will vote on its fiscal year 2012-2013 budget Monday night. Prior to the vote, the school board will hold a public hearing for its nearly $275 million budget. Big changes include: Also on the agenda is the approval of the annual administrator and teacher salary and benefits report. State law requires all school districts to post this report as of Oct. 1 annually. You can view the proposed report here. Patch will post more about the report later in the week. Consent agenda items: Action Reports - Superintendent:
Friday, September 21, 2012
You can view the budget online at vvsd.org before Monday's Valley View School District school board meeting.
Valley View School District 365U school board members will vote Monday on a nearly $274 million budget. The document is available by stopping in at the VVSD Administration Center at 755 Dalhart Avenue, Romeoville or by going to www.vvsd.org. The budget represents an increase of $5.1 million or 6.6 percent over last year, according to the Bugle. Big changes include: The district has $241,582,767 in operating funds, or an increase of $5.1 million from FY12, according to district documents. The budget includes projected revenues of $202,266,178 and expenses of $230,234,167. VVSD officials said last month the district's budget will be balanced by FY15. The district is utilizing its fund balance in the midst of a $13 million deficit from …
Wednesday, August 15, 2012
The Valley View School District 365U tentative budget is available for public viewing until Sept. 24.
The tentative budget for Valley View School District 365U is now on display until mid-September for review by the public. The board will vote whether to adopt the $273 million budget at the Sept. 24 Board of Education meeting. Big changes include: The district has $241,582,767 in operating funds, or an increase of $5.1 million from FY12, according to district documents. The budget includes projected revenues of $202,266,178 and expenses of $230,234,167. VVSD officials said Monday the district's budget will be balanced by FY15. The district is utilizing its fund balance in the midst of a $13 million deficit from FY13. The district projects that deficit will shrink to $5 million in FY14. "We're headed in the right direction financially," …
Sunday, June 3, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
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Sunday, June 3, 2012
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. SPRINGFIELD — The Illinois General Assembly passed a budget — almost on time — Thursday, with the Senate ending about 1:30 a.m. Friday. The budget spends $33.7 billion for the 2013 general fund — the result of months of negotiations, hearings and a dizzying array of spending and appropriations bills with last-minute amendments upon amendments. The budget, made up of several bills in the House and Senate, includes $6.5 billion for K-12 education, $1.9 billion for higher education, $5 billion for health and human services, and $1.6 billion for public safety. In a testament to how …
Sunday, May 20, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. SPRINGFIELD — Illinois lawmakers must craft next year’s budget and fix huge deficits by May 31, but the closest they came to addressing those problems was a proposal to tax online gambling. Other issues from a proposed minimum wage increases to the Nation of Islam were getting everyone’s attention, as well. Betting on time, taxing iGaming Senate President John Cullerton, D-Chicago, wants legislators to approve his plan to tax and regulateInternet gambling in Illinois before Congress keeps the state’s hands off the industry. Under Cullerton’s proposal, a new Division of …
Thursday, April 19, 2012
Village moves forward with plan to seek lower power bills for residents.
Most Romeoville taxpayers will see some savings on the village portion of their tax bills next year, according to officials. Romeoville trustees on Wednesday signed off on a $91.4 million overall budget, which represents a 6 percent, or $5.5 million, decrease from the current budget. “The levy is the same as last year,” Mayor John Noak said, noting village taxes will make up about 14 percent over residents’ overall tax bills next year — down from 15 percent. “We’re heading in the right direction,” Noak said. He said the average homeowner will see the village portion of their tax bill drop by $4 next year. A tax rebate in the form of a $20 discount on October 2012 water bills will also return for the second year in a row. Upcoming projects …
ROMEOTUCKY RESIDENT
11:39 am on Wednesday, April 24, 2013
And so it begins....spend spend spend..... more ›