Dorothy Wisniewski, director of the finance department, was credited with leading efforts to earn the recognition.
Thursday, November 8, 2012
Wednesday, October 31, 2012
Aldermen also will consider water meter replacements during November's city council meetings although a firm plan was not finalized in the 2013 budget.
Infrastructure and capital improvements are priorities in Des Plaines for 2013. Alderman unanimously supported $850,000 in funding for sidewalk repairs throughout Des Plaines to catch up with a three-year backlog of work orders at last night’s third hearing on the proposed 2013 budget. Sidewalk repair was a subject aldermen kept coming back to — $350,000 was initially in the 2013 proposed budget. An additional $500,000 in funding will come from the gaming tax fund and motor fuel tax fund to finance projects that have been on hold. “There is a fine balance between what staff can do and what we spend,” said City Manager Mike Bartholomew. Earlier: Rivers Casino Tax Revenue, TIF Districts, Sewer Water Improvements, More Discussed at Des …
Thursday, January 19, 2012
Increase comes in wake of Chicago raising the purchase cost of water 25 percent.
Des Plaines will likely increase water and sewer rates this year to keep up with maintenance costs and address Chicago water rate increases. For residents this would mean a 21.23 percent rate increase. For average users, there will be a $6.55 monthly rate increase, or $13.10 on the city’s bi-monthly bills. Alderman voted to pass the ordinance in a 7-1 vote on first reading at the city council meeting on Tuesday. Fifth Ward Alderman Jim Brookman voted against the measure. A final decision will happen at the ordinance's second reading. All ordinances have two readings, and council members vote on both. The purpose of the first reading is to put people on notice of the subject matter of the ordinance. It is adopted or defeated at the second …
Tuesday, December 6, 2011
Actual savings from low interest rates will be about $80K more than expected.
The city’s decision to pay off the remaining balance on a land loan and refinance Tax Increment Finance funding, or TIF funds, saved more than expected, Dorothy Wisniewski, finance director, told City Council members at a meeting Monday. A TIF district is created when a local government freezes the tax base on properties within a certain area. All new property taxes in that district, which are generated by an increase in property value since the year the TIF started, are put into a special fund established for redevelopment projects within the district. By taking advantage of historically low interest rates, the city will save almost $80,000 more than expected in interest on its refinanced TIF bonds, Wisniewski said. Long-term interest …