ROCKFORD, Ill. (WTVO) — City leaders presented aldermen with a budget for 2020.
The $163 million proposal is balanced.
It doesn’t include potential revenue from marijuana sales and a potential Rockford casino.
The city’s property tax levy would remain the same.
Staffing and servicing levels would also go unchanged.
A recent electric and natural gas utility tax hikes helped.
“We knew though that would be a short term fix for our budget issues, because the revenue source is not growing at the same pace our expenses are growing,” said Carrie Hagerty the Finance Director of Rockford. “We were able to come up with a balanced budget this year despite a $2.2 million increase in our pension contributions for next year. But we understand that’s not going to last forever.”
City council must pass a 2020 budget by the end of March.
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