Sunday, February 10, 2013
Hearing will be during scheduled Park Board meeting in March.
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Sunday, February 10
The following was provided by the Oswegoland Park District: A public hearing will be held on the combined Budget and Appropriation Ordinance, for the Oswegoland Park District, during the regularly scheduled Park Board meeting, March 21, 2013. The meeting will be held at South Point Center, Multipurpose Room #126, 810 Preston Lane, Oswego, at 7:00 p.m. The Ordinance will remain on display for public inspection until the hearing, at the District’s administrative office at 313 E. Washington Street, Oswego, during regular business hours.
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 …
Monday, June 25, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
Monday, June 25, 2012
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. In an ongoing effort to slash state spending, Gov. Pat Quinn this week signed a bill eliminating free health care for state retirees and revealed he intends to move forward with prison closures throughout Illinois. Quinn signs bill eliminating free health care for state retirees Quinn on Thursday signed legislation to end premium-free health insurance for state retirees. The state spends about $800 million yearly on the insurance program, but the exact savings from the new law will not be known, until a premium rate is negotiated between the state and public labor unions. “Those…
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 …