Posts Tagged ‘Budget’
County Board passes $56.9 million FY 23 budget, tax rate projected to slightly drop
Austin also told the board the County’s expected assessed value is going to increase by about 4.5 percent, which will allow the board to lower the tax rate when it votes on the tax levy in December. Austin said he will propose a .796 cents rate per $100 in EAV, down from .801 cents.
Read MoreQuincy Park Board gets look at fiscal 2023 budget, approves fee increases for programs and services
The budget shows a planned deficit of $1.84 million, most of which is the planned result of scheduled spending of revenues and fund reserves to pay for upcoming capital projects. The deficit represents 21.4 percent of cash reserves.
Read MoreQuincy School Board approves $96 million budget
The budget calls for spending $96.1 million with revenues topping the $100 million mark for the first time in district history, thanks to an increase in federal dollars.
Read MoreQuincy City Council approves record $47.2 million annual budget
When Mike Troup took office as Quincy’s mayor last May, he had to work with the budget the previous administration and City Council had approved.
Read MoreCity of Quincy looking at $47.2 million operating budget for next fiscal year
The proposed $47.2 million budget is $2 million lower than the final FY 2022 budget, but is nearly $8 million higher than the budget approved last April.
Read MoreIllinois revenues $4.6 billion higher for current fiscal year than initially projected
A House revenue committee this week heard projections of an Illinois economy that is steadily moving back toward a level of pre-pandemic normalcy, which means revenue spikes realized due to temporary changes in consumer spending habits and federal stimulus packages are expected to subside.
Read MorePritzker outlines $45.4 billion budget proposal
Gov. JB Pritzker on Wednesday offered a $45.4 billion general revenue budget plan for the upcoming fiscal year that would include new spending on education and health care while also providing about $1 billion in tax relief that he said would soften the impact of inflation on Illinois consumers.
Read MorePritzker to propose tax relief in budget address
SPRINGFIELD – Gov. JB Pritzker will propose a roughly $1 billion package of tax relief measures aimed at mitigating the impact of inflation on Illinois consumers when he gives his budget address Wednesday.
Read MoreAdams County Board passes $61.5 million budget for 2022
QUINCY — The Adams County Board unanimously passed its fiscal year 2022 budget Tuesday night that absorbs increases in personnel and employee health insurance. It is a nearly $1.8 million increase over the FY2021 budget. The $61.5 million spending plan calls for four new corrections employees to accommodate the new jail and an additional $600,000…
Read MoreIllinois lawmakers pass $42.3 billion budget after 2 a.m.
Federal money to fund housing, violence prevention, capital projects By PETER HANCOCKCapitol News Illinoisphancock@capitolnewsillinois.com SPRINGFIELD – Illinois lawmakers worked into the early hours of Tuesday morning to pass a $42.3 billion state budget plan for the upcoming fiscal year that Democrats say would fully fund K-12 education and the state’s pension obligations while also paying…
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