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City of Quincy expecting $940,000 less in revenue in FY'18

City of Quincy expecting $940,000 less in revenue in FY'18

8 months ago by Scott Hardy

Public hearing next week on FY'18 budget

The City of Quincy's Finance Committee got some expected bad news ahead of next week's public hearing on the next city budget.

The Committee learned Monday night that the City's projected revenues for the next budget year, starting in May, are expected to be down $940,000 from the current year. That includes reductions in sales tax collections, as well as in Local Government Distributive Fund and Personal Property replacement Tax payments from the state of Illinois. Last month, Mayor Kyle Moore had warned that the up-coming city budget may have a $1.4 million deficit, and that either cuts in services and personnel, or increased fees may have to be implemented. Moore says the city plans to hold its' annual budget information meeting next Tuesday night at 6 PM, before the Council meeting. Moore's likely to introduce some of his plans for the budget this Friday at the State of the City address to the Exchange Club.

In other news, the City Council voted to:

* Approve a bid of nearly $121,000 from Brown Electric to move traffic signals at 12th and Broadway. The base supports for those signals have been hit several times by semis turning off Broadway onto 12th Street.

*Approve a resolution to spend over $1.1 million in motor fuel tax funds this year. The money would be used for concrete, filling cracks in city streets, traffic signals and asphalt re-surfacing projects throughout the city.

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