Proposed Catlin budget has deficit
CATLIN – Village officials unveiled a $522,214 spending plan for the 2010-11 fiscal year on Tuesday that includes a projected deficit of about $22,000.
Mayor Clay Woodard said village officials prepared a budget with a focus on maintaining village services. He said the unpredictability of state funding prevented the board from taking on any big projects next year.
"We budgeted for the worst foreseeable revenue level, and hope that the cuts in state funding will not be as bad as proposed," Woodard said.
Gov. Pat Quinn has proposed cutting the portion of the income tax revenue that the state provides to municipalities from its current level of 10 percent down to 7 percent to help with the state's budget crisis. Woodard said Catlin received about $198,000 in income tax revenue three years ago, but that the board anticipated receiving about $140,000 in income tax revenue during the upcoming fiscal year, which starts May 1.
The general fund budget unveiled by the village board includes $522,214 in expenditures and $500,550 in revenue. The current general fund budget calls for $533,764 in expenditures and $481,680 in revenues.
The proposed budget calls for an increase in police coverage for the village, but calls for tar-and-chip repairs to worn village streets instead of asphalt overlays.
Woodard said the village attorney will put the budget into ordinance form, and the board will vote to approve that ordinance.