Village Prepares for State Budget Impact
Last updated: Public Relations Specialist |
In February, Governor Rauner delivered an address on the proposed State of Illinois FY2015-16 budget, which includes several proposals that could impact local government. The most significant potential impact includes a reduction of the Income Tax distribution to local government by 50%. Under this proposal, the Village would receive approximately $2.4 million less in revenue annually. The State's fiscal year begins on July 1 and budget appropriations must be approved by the General Assembly before being implemented. The Village has taken steps to prepare for potential loss of state shared revenue, as described in the Village's Long Range Plan for 2013-2015, which identified this potential issue. In addition, the Village is responding in the following manner:
Implementing expense reductions that can be made with minimal impact on service levels in order to ensure that the Village's operating expenses do not exceed revenues by the end of the current fiscal year. Examples of these expense reductions include delay filling certain vacant positions, defer vehicle replacement purchases, and review training policies/procedures and related expenses.
Developing a process to engage the Village Council during the Village's Long-Range Planning (June-August) regarding service prioritization and potential reductions that might be required once the impacts of the approved State budget are known.
Working closely with other municipalities through the DuPage Mayors and Managers Conference and Illinois Municipal League to describe the likely impact of these reductions in revenue to the Governor's Office and General Assembly.