Monday, December 19, 2011
Oak Lawn village trustees approve the budget, but clash on impact taxes for Advocate Christ Medical Center.
The Oak Lawn Village board passed the 2012 general budget Tuesday but not before dotting some “i’s” and ruffling the feathers of the village’s largest employer first. The village board approved a budget of $53,557,700 for next year—approximately $13.98 million more than 2011. The increase reflects several special funds rolled into the general fund, including refuse, special events, the Illinois Municipal Retirement Fund and sidewalk and streetlight fund. The state constitution requires municipalities to pass a balanced budget. The village has been grappling with a projected $3 million budget shortfall that village manage Larry Deetjen has attributed to increased pension and public safety costs. To help close the gap, the village board …
Monday, November 14, 2011
Proposed budget reflects $13.98 million increase over 2011 budget from merged funds. Tax levy holds steady at 12 percent.
Round One of the 2012 budget talks began last Wednesday as the Oak Lawn Village Board held its first budget workshop. Trustees got their first look at the proposed $53,557,799 budget for next year—approximately $13.98 million more than 2011. The increase reflects several funds rolled into the general fund, village officials said. Funds merged into the village’ general fund include refuse, special events, the Illinois Municipal Retirement Fund, and the streetlight and sidewalk fund. The Illinois constitution requires municipalities to have balanced budgets. The village board must approve the general operating budget by Dec. 31. For the seventh consecutive year the village won’t be increasing its share of the tax levy, holding steady at 12 …
Thursday, September 22, 2011
Operating revenues and expenses increase 11 percent this year.
In spite of mounting pressures from the state, local tax appeals and enrollment, Moraine Valley Community College seems to have smoothly navigated fiscal waters without reduction in faculty, staff or services for another year. College trustees approved a budget for fiscal year 2012 on Wednesday. Operating fund revenue and expenditures are slated at $79,906,515—an increase of about 11 percent over the 2011 operating fund of $72,061,391, partly the result of an increase in tuition. Steady dips in state funding have forced the school to rely more on tuition. In 2008, for instance, tuition dollars accounted for 45 percent of the school’s revenue stream; today tuition accounts for 55 percent, Moraine Valley chief financial officer Robert …
Saturday, September 17, 2011
Instead of SouthWest Service line cuts, Metra's Board of Directors will vote next month on several changes to the fare structure before letting the public have a say.
- THE NEIGHBORHOOD FILES
- Jesse Marx
Saturday, September 17, 2011
Metra's Board of Directors has decided against a proposal that would have cut weekday and weekend trains along the SouthWest Service Line, but the board is looking at an average 30 percent fare hike to plug next year's budget hole. Directors have settled temporarily on a proposal from Metra staff to raise one-way tickets by 17 percent, monthly tickets by 29 percent, and 10-ride tickets by 32 percent. In the meantime, they also agreed to discontinue the subsidy for Link-Up and PlusBus passes, round all tickets to the nearest quarter, and shorten all expiration and refund dates on sales. Ten ride tickets, for instance, would be redeemable for only 30 days, down from one year, with a $5 processing fee. The commuter rail division of the …