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.

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Quincy 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.

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Illinois 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. 

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Pritzker 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.

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Adams 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…

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Illinois 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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