.

Sales Tax Revenues Down for July

City continues talk of a tax increase.

The Elmhurst Finance, Council Affairs and Administrative Services Committee Tuesday continued talks that they would rather not be having after members received bad news about city finances.

Sales tax revenues for July came in about $90,000 below budget, reported Director of Finance and Administration Marilyn Gaston. Committee Chairman and 4th Ward Alderman Stephen Hipskind added that this puts sales tax revenues at about $130,000 under budget for the year.

The committee will proceed with a proposal to raise the city's property tax rate but needs to find out what the Elmhurst Public Library Board will levy for next year before they put together final numbers for the city. The library's budget is included in the city's budget.

The committee is considering a 4.95 percent increase in the city's tax levy, which would provide about $407,000 in new revenue. With this scenario, owners of home valued at $375,000 home would see an increase of approximately $19.

"We don't have any choice," said 7th Ward Alderman Mark Mulliner.

The committee will meet again with complete numbers from all city departments on Monday, Oct. 25.

Joe O'Malley October 13, 2010 at 11:30 PM
Here's a novel idea. The Elmhurst city council should pass a law that would stop contributing to the taxpayer funded union pension plans for all public empoyees of Elmhurst. Have all city employees contribute to a 401k instead. I'm sure that would save significant funds. Also from a reputable source.... Teachers Union Officials are saying to their members that if you don't vote for Quinn and Brady wins "you'll can kiss your pension's goodbye." ......One can only hope. Joe O'Malley
Karen Chadra (Editor) October 14, 2010 at 12:44 AM
Thank you for your comment, Joe!
Jim Court October 22, 2010 at 01:16 PM
Aggressive ticketing of those who might exceed the three hour parking limit has driven many potential shoppers away and thus the loss of tax dollars. It amazes me how Mayors exert so little influence over Police Departments. No system of checks and balances thus exist. Sincerely, Jim Court Elmhurst, Illinois
Karen Chadra (Editor) October 22, 2010 at 01:34 PM
Thanks for adding your comments, Jim. I just got a ticket the other day, but it was for an expired city sticker :/

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »