Saturday, March 30, 2013
The court-security staff contract that was unresolved since 2008 finally settled, so the county has to pay $1.8 million in retroactive wages, the Daily Herald reports.
Remember the court-security staff strike that almost happened but was resolved at the 11th hour? Well, it's time to pay for the resulting pay increases—and for pensions, and for socking away some money for future infrastructure projects. The Kane County Board officials decided Wednesday what they'd do with about $7.8 million in surplus revenue, according to reports in the Daily Herald and Kane County Chronicle. About $1.8 million of that eventually will go to the security staff union employees who had been working without a contract revision since November 2008. The good news is that conflict has been resolved and a strike averted. The bad news is that a new contract has yet to be negotiated, and the result likely will mean more dollars …
41.880239
-88.309532
Kane County Government Center
719 S Batavia Ave, Geneva, IL
/articles/kane-county-using-surplus-funds-to-pay-for-infrastructure-pay-hikes
319764
/locations/9133882
Tuesday, December 18, 2012
Board unanimously adopts tax levy of a 4.98 percent increase.
The Oswego 308 Board of Education voted unanimously to adopt the 2012 tax levy with a 4.98 percent increase, or the amount of $93,275,900 on Monday night. In coming to this decision, Assistant Superintendent Paul O’Malley reiterated to the public and board that the Oswego school district had started the budget process earlier with a $7.4 million deficit that they were able to over several months cut down to $2.6 million. He also noted that the school district’s General State Aid was reduced by $4.1 million, which had it been available would have resulted in a much different outcome. That deficit was approved in the 2012-13 school year budget and involved cuts across many areas, but O’Malley picked out the $1.2 million cut made in the …
Thursday, November 22, 2012
Charter One Bank, with ATM machines in area Speedway locations, offers the following tips.
This year, if you want to take advantage of the Black Friday deals, you don't even have to get up early on Friday morning. You can just have one or two extra slices of pumkin pie and head out to area retailers just after midnight. Heck, Wal-Mart is opening its doors at 8 p.m. on Thursday for the shoppers who just can't take another minute of Aunt Martha. For a list of more stores opening early, click here. But, all those great deals can still have a terrible effect on household budgets. So, the folks at Charter One Bank, who have ATMs in area Speedway locations, including 4032 Us Highway 34., put together the following tips: Build a budget – To manage your holiday spending, an important first step is to create a realistic budget that will…
Tuesday, September 25, 2012
An advisory committee will be put in place in upcoming months to help with financial issues.
Oswego Board of Education members voted 5-0 Monday night to approve the 2012-2013 Oswego District 308 budget containing a $2.6 million deficit. Prior to Monday night’s meeting, the budget deficit had been reported at $3.8 million, said Paul O’Malley, assistant superintendent of business. Most of the deficit is in the budget’s education fund. O’Malley wanted all present to be aware that the State’s reduction in funding of GSA had reduced District 308’s revenue by $4.1 million, which caused a negative impact on the budget resulting in a deficit of $ 2,634,724. “If we had that $4.1 million we would be having a different conversation tonight,” he said. Some of the expenditure reductions in the new budget included staff realignment, outside …
Wednesday, April 18, 2012
On Tuesday, trustees debated the $20.6 million spending plan, and they're expected to vote on it next Monday.
Next week, Montgomery trustees are expected to vote on the Fiscal Year 2013 budget, a spending plan that estimates that the village will take in about $3 million less than in FY 2012. Trustees got their first full look at the 136-page budget document last week, and at Tuesday night’s Committee of the Whole meeting, Acting Village Administrator Jeff Zoephel took them on a tour of it. The budget estimates that Montgomery will take in $20.8 million in revenue over the next 12 months, a drop of 12.7 percent from FY 2012. Expenses are expected to drop 11.6 percent in FY 2013 as well, down to $20.6 million. The main reason, Zoephel said, is down to multiple water-related projects from last year, including constructing a new well on the west side…
Friday, February 10, 2012
The $20.3 million budget plan will be discussed over the next two months, with a vote scheduled for April 9.
Montgomery trustees got their first look at plans for the Fiscal Year 2013 budget on Wednesday, including which projects and requests didn’t make the cut. The new fiscal year begins on May 1, and trustees are scheduled to vote on the final document on April 9. The proposed budget would see the village essentially break even at the end of the fiscal year, according to Finance Director Jeff Zoephel—the $20.3 million in expenses draws from a projected $20.6 million in revenues. The proposal would see roughly $9 million spent on general fund expenses, spending all but $50 of the year's projected general fund revenue. Going with that plan, he said, would leave a general fund balance at the end of the fiscal year of 33 percent—which is above the…
Monday, November 14, 2011
Finance Director Jeff Zoephel asked Montgomery trustees for direction on 10 separate items last week, as he starts drafting the Fiscal Year 2013 budget.
It may be hard to believe, but it’s budget time again in the village of Montgomery. Fiscal Year 2012 ends on April 30, and the Village Board needs to approve a new spending plan to take effect before May 1 of next year. That means Finance Director Jeff Zoephel is already working on the 2013 budget, and last week, he asked trustees to provide him with some direction. Last month, Zoephel asked board members to send him ideas for the upcoming budget, priorities they would like to see implemented. At Wednesday’s Committee of the Whole meeting, Zoephel said he received enough of them that, were he to implement them all, “the general fund would take a $500,000 hit.” So Zoephel asked the five trustees present (Trustee Stan Bond was absent) for …
Wednesday, August 24, 2011
Officials said deficit reduction measures helped balance the 2012 fiscal year budget.
Oswego Community Unit School District 308 officials said past deficit reduction measures have helped bring forward a balanced 2012 fiscal year tentative budget. A proposed $172.6 million operating budget was submitted to the school board Monday. The district expects to take in $189,000 more than it spends on operating expenses. “We did some painful deficit reductions about a year and a half ago and we’re still carrying a majority of those through and that’s what’s keeping us in line,” said Tim Neubauer, assistant superintendent for business and finance. Those cuts have included significant reduction of building-level allocations, professional development cutbacks, elimination of non-curricular field trips, reduced the number of clubs and …
Wednesday, April 13, 2011
H.R. 1454 would stop payments to legislators if they fail to pass a budget by the start of the fiscal year.
Last Friday, members of Congress narrowly avoided a government shutdown, agreeing to a budget resolution hours before a midnight deadline. It was the culmination of months of battles over spending cuts, sparked by legislators’ failure to pass a 2011 budget before the end of last year’s session. Rep. Randy Hultgren, R-Winfield, wants to make sure that never happens again. So he’s introduced a bill, his first, to hit legislators where it hurts: their own pocketbooks. House Resolution 1454, which Hultgren introduced last Friday, essentially says that if the members of Congress fail to pass a budget before the first day of the fiscal year, they don’t get paid. Legislators’ salaries would be placed into an escrow account, and would only be …
The $23.3 million spending plan—which includes $8.8 million in general fund expenses—takes effect May 1.
The village of Montgomery has a budget for fiscal year 2012. With a vote of 4-2, village trustees approved the proposed $23.3 million spending plan Monday night. They also voted 4-2 to approve a salary plan for village employees, one that includes a one-percent pay increase and the possibility of three-percent merit increases for those not covered by either the police or public works union. The 2012 budget includes $8.8 million for general fund costs, including the day-to-day operations of the village. It’s a balanced budget, according to Finance Manager Jeff Zoephel, thanks in part to the increase in population reported in the 2010 census. With more than 1,300 new residents coming to Montgomery in the past two years, Zoephel expects to …
G.Ryan
1:12 pm on Monday, April 1, 2013
This county knows how to waste money. Improvements to a jail? For what so the occupants have posh conditions like it is some hotel? Additions to the Judicial Center for what? To grow more county government which we do not NEED! more ›