The Algonquin Village Board and Algonquin Special Liquor Commission met Tuesday at Algonquin Village Hall, 2200 Harnish Drive.
The Algonquin Village Board and the Algonquin Special Liquor Commission met Tuesday. Here is a roundup of what was discussed.
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Residents should expect a tax levy decrease in 2012.
The Village Board approved its budget for 2012 during a meeting last week. Residents should expect a 1.2 percent decrease in the tax levy in 2012 — the village's first decrease in 19 years. Under the new budget, the village is expected to bring in $5.7 million in property taxes in 2012 compared to $5.8 million in 2011 with the levy decrease. At the same time, an increase in the water rate and tap-on fee is proposed to help pay for capital projects and water main replacement. Nonunion village employees will receive a 2 percent raise along with "a possible merit adjustment" under the budget. According to the budget memo, staff has not had a wage increase in two years. The village expects to bring in $15,722,950 million in revenue in 2012 …
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This years marks the seventh consecutive year the village has been honored in the Government Finance Officers Association (GFOA) Budget Awards Program.
The village of Algonquin recently won an award for its 2010-11 budget from the Government Finance Officers Association of the United States and Canada (GFOA). This is the seventh consecutive year the village has won the GFOA's Distinguished Budget Presentation Award. On order to receive the award, the village had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as: a policy document, a financial plan, an operations guide and a communications device. Individuals accepting the award on behalf of the village include: William Ganek, village manager; Michael Kumbera, management assistant; and Jack Walde, finance director. The GFOA is a …
Back To Work Illinois
12:06 pm on Wednesday, December 14, 2011
With communities across the state shuffling their budgets and trying to find alternatives to increase funding for capital projects, the Video Gaming Act (VGA) should be taken into consideration as a potential source of significant local revenue. Representing the largest source of funding ($375 million each year) for the state’s $31 billion capital plan, the VGA uses the net income generated by … more ›