WTAD
Half Price Deals

Quincy revenue projections flat for FY '22

Quincy revenue projections flat for FY '22

3 days, 12 hours ago by Scott Hardy

$8 million in street improvements approved

The Quincy City Council learned that the city's projected revenue for the next fiscal year will be about the same as last year. 

The Council heard a presentation Monday night from City Comptroller Sheri Ray, explaining what the City expects to collect in the fiscal year, starting in May. Her figures show that as of now, the City will collect $39.3 million. That's down 3 per cent from last year's revenue of over $40 million. Ray said though that if you take out the $1.4 million in CURES funding from the state of Illinois, then the city will see a .9 of a per cent increase from last year. Decreases in Home Rule sales tax should be off-set by an increase in PPRT, or personal property replacement tax payments. New revenue this year will come from the collection of online sales taxes, although Ray said it's hard to predict just how much the city will collect. The full budget will likely be presented late next month, and will need to be approved before May 1st.

The Council also approved the low bid of just over $8 million from Rees Construction for Phase 2 of the City's Capitol Improvement Plan for streets. Work will start later this year on Adams from 8th to 10th, Kentucky from 2nd to 3rd, Washington from 20th to 24th Streets, 23rd Street from Washington to Ohio, Holford Drive, 22nd Street from Oak to Chestnut and Hamann Lane from 12th to 18th. City Engineer Jeffrey Conte says that the final $5 million bid package for Phase 3 of the plan could be released next month.

On Air NOW

WTAD

WTAD

10:00 am - 12:00 am
Listen Live!

WTADFacebook