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Archive for the ‘Finance Committee’ Category

VBH Village HallOur Village Board of Trustees will be conducting their regular monthly meeting beginning this evening at 6:30 PM. A copy of the agenda can be viewed and downloaded here.

This month’s agenda now has two options for residents to attempt to listen in to tonight’s meeting:

Audio OptionsWould those with the time and inclination try listening to both options and report back which one sucks less in terms of sound clarity?  It would be ever so much appreciated!

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Charging

Union-tied research group pushes for mileage tax to shore up road-building funds

Despite Illinois’ efforts to smoothly integrate electric vehicles into the state’s economy, a new report from the Illinois Economic Policy Institute is warning of a potential steep decline in transportation revenue as the process of electrification accelerates.

The primary issue is motor fuel taxes, which will see a significant drop as more electric vehicles make their way to the road and fewer people fill their cars with gas.

Since motor fuel taxes make up the backbone of state funding for road and bridge projects, ILEPI, which has strong ties to organized labor, warned in its report that new revenue sources will have to be identified to ensure the state’s 10-year capital improvements plan remains on track.

“There’s absolutely a benefit to having EVs but it will ultimately have a strong impact on transportation funding,” Mary Tyler, the author of the report, said in an interview. “It’s something that I don’t think is talked about enough.”

Motor fuel tax is the state’s leading source of transportation funding and makes up 52 percent of Illinois’ total transportation revenue and 82 percent of its contributions to the federal highway trust fund.

The report’s main policy recommendation is implementing a vehicle miles traveled, or VMT, fee which would replace the existing motor fuel tax with a fee determined by the number of miles a car travels on Illinois roads.

Read more here.

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BC

With the effects of the COVID-19 pandemic still fresh in their minds, Arlington Heights Finance Director Tom Kuehne and the rest of the village’s budget team are used to playing it safe with revenue estimates.

“We always try to be really conservative with our revenue projections, especially right now, because we really can’t be sure what’s going to happen in the future,” Kuehne said. “And we saw that uncertainty with sales taxes.”

Illinois Department of Revenue records show Arlington Heights saw sales tax revenues climb 30% in one fiscal year. From July 2021 to June 2022, Arlington Heights received $5.7 million more in sales taxes than it did during those same 12 months a year prior.

Kuehne and crew had accounted for a modest increase, but they got about $4.5 million more than what was forecast. And they weren’t alone.

A Daily Herald analysis of 95 suburban sales tax receipts during the state’s 2021 and 2022 fiscal years shows the towns combined to average a 28.6% increase in sales tax revenues, resulting in nearly $230 million more.

In Barrington Hills, sales tax revenue grew from $66,587 in the state’s 2021 fiscal year to $214,071 in 2022, a 222% increase.

Inverness and Wayne, also small bedroom communities, more than doubled sales tax revenues last year.

Read the full Daily Herald story here.

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Dec 22 BOT

Our Village Board of Trustees will be conducting their regular monthly meeting beginning this evening at 6:30 PM. A copy of the agenda can be viewed and downloaded here.

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11.22 BOT

Our Village Board of Trustees will be conducting their regular monthly meeting beginning this evening at 6:30 PM. A copy of their agenda can be viewed and downloaded here, however residents should take special note of their draft 2023 Budget, particularly as it relates to Roads & Bridges where at least one expense is up over 100%.

By far one of the largest increases is in, “Road Maintenance Contracts.” This year’s budget is $661,000. But the proposed amount next year is $1,059,200. That’s an increase of $398,200.

“Mowing/Cleanup Contracts,” is going from $70,00 this year to more than double that in 2023 at $150,000.

In an effort to understand the underlying reasons for these and other increases, we listened to the recordings of the nearly two (2) hour November 8th Special Meeting of the Roads & Bridges Committee yesterday.   What we found revealed largely incoherent rambling (as usual) by the chair.  As of this posting, the audio now states, “Unsupported audio,” as seen in this link, unfortunately, but some who heard the recording might consider this a blessing.

Hopefully this evening we’ll learn why such exorbitant roads increases are being proposed, but beforehand we’d like to share some advice with the Roads & Bridges Chair in the form quote from a famous Thanksgiving movie that goes, “…when you’re telling these little stories, here’s a good idea. Have a point. It makes it so much more interesting for the listener!

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FC 10.22

The Village Finance Committee meets today at 11 AM. Topics on the agenda include:

  • Fiscal Year 2023 Budget
  • Levy 2022
  • Audit 2022

A copy of the agenda can be viewed and downloaded here.

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VBH ping

The Village Finance Committee meets today at 2 PM.  A copy of the agenda can be viewed and downloaded here.

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BOT

Our Village Board of Trustees will be conducting their regular monthly meeting beginning this evening at 6:30 PM. Some of the topics on their agenda include:

  • [Vote] A Resolution Authorizing the Execution of a Contract with Corrective Asphalt Materials LLC (CAM) for Pavement Rejuvenation and CRF Application on Select Village Maintained Roads Resolution 22 –
  • [Vote] Board of Health Appointments (4)
  • [Vote] Equestrian Commission Appointments (4)
  • [Vote] Plan Commission Appointments (3)
  • [Vote] Zoning Board of Appeals Appointments (2)
  • [Vote] Police Pension Board Appointments (2)

A copy of the agenda can be viewed and downloaded here.

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App Cap

Earlier today we published the agenda (seen here) for tonight’s Board of Trustees meeting.  We included links to both the approved 2021 Appropriations, and the proposed 2022 Appropriations, and a longtime subscriber shared the following:

“Of the total decrease in Legal Expense ($948,937), decrease in Litigation, Planning/Zoning and FOIA expense ($446,000) represents 56.3 % of the total decrease.

Unless one examines the budget items in detail, one might conclude that the current administration is doing a pretty good job of managing the finances of the Village.  That would be an incorrect assumption.  It hides other areas of the budget (such as Permit Administration) where improper management may be concluded.

It should also be noted that much of the huge legal expense incurred in recent years revolves around the desires of one resident to impose a huge commercial horse boarding operation on residents, in effect having residents subsidizing equestrian amenities and lifestyle to non-residents by giving access to the Equestrian Trail System.”

Related: “Village Board of Trustees meets tonight

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BOT 12.14.21

Our Village Board of Trustees meets this evening at 6:30 PM.  Some of the topics on their agenda include:

  • [Vote] An Ordinance for the Levy and Assessment of Taxes for the Fiscal Year Beginning January 1, 2021 and Ending December 31, 2021 Ordinance 21 –
  • [Vote] An Ordinance Amending Driveway Permit and Design Regulations as set Forth in Title 10 of the Village’s Municipal Code Ordinance 21 –
  • [Vote] An Ordinance Amending Sections 5-2-1, 5-3-9, 5-3-13, 5-5-2 and 5-5-11 of the Village’s Zoning Regulations Ordinance 21 –
  • [Vote] An Ordinance Granting an Amendment to an Existing Special Use Permit to Allow an Addition to Countryside Elementary School, 205 W. County Line Road Ordinance 21 – (72 Hours after the ZBA approved it)
  • [Vote] An Ordinance Adding Requirements for Road Access Permits Amending Title 4, Building Regulations of the Village’s Municipal Code Ordinance 21 –
  • [Vote] An Ordinance Approving a Final Plat of Re-subdivision: Shah Consolidation: 41 & 45 Hawthorne Lane Ordinance 21- (48 Hours after the PC approved it)
  • [Vote] A Resolution Approving the Execution of an Intergovernmental Agreement (IGA) for Maintenance with Cuba Township Road District
    Resolution 21 –

It bears mentioning that two of the items the BOT may be voting on tonight were approved just this week by the Zoning Board of Appeals and the Plan Commission.  Since audio recordings and minutes are not yet available from these two meetings, the board members will not have the support of that documentation if votes occur.

The complete 179-page agenda can be viewed and downloaded here.

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