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Oswego president: village may not need to raise taxes for roads : News : Oswego Ledger-Sentinel : Hometown Newspaper for Oswego and Montgomery, Illinois
Oswego president: village may not need to raise taxes for roads
Hearing on tentative budget Tuesday

by John Etheredge

4/10/2014

Oswego Village President Brian LeClercq said Friday the village might be able to fund its street maintenance program for the fiscal year beginning May 1 without a tax increase.

LeClercq said the village may be able to avoid a tax increase by making further cuts to the village's proposed 2014-15 fiscal year budget.

The board is scheduled to hold a public hearing on the budget during their next meeting on Tuesday, April 15. The meeting will begin at 7 p.m. at village hall.

LeClercq said he expects the board will agree to schedule an additional meeting prior to May 1 to cast a final vote on the budget.

Village staff members have recommended the board consider using their Home Rule authority and pass a tax increase to finance a long-term capital improvement plan (CIP).

Street maintenance, new road construction and vehicle purchases for the police and public works departments are among the items proposed for funding in the village's CIP.

According to the CIP, "on average, approximately $1.3 million in additional funding is needed over the next five years to complete the village's annual road (maintenance) program."

To provide those additional revenues, village staff has asked the board to consider increasing the village's Home Rule Sales tax by either one-quarter to one-half percent.

A one-quarter of a percent increase in Home Rule sales tax would serve to increase the village's 7.75 percent sales tax to eight percent, while a one-half percent would serve to increase it to 8.25 percent-the same as Aurora and Yorkville.

If the board determines cuts can't be made to the village's budget, LeClercq said he would favor a tax increase that is "least onerous to our residents."

He noted that everyone who purchases merchandise or fuel in village stores or gas stations, pays sales and fuel taxes, not just village residents.

Asked how the board would provide funding for the village's street maintenance program and other capital expenses in subsequent years, LeClercq said, referring to the board, "We're going to have to have that discussion."





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