ROCKFORD, Ill. (WIFR) - As the end of the year approaches, the city of Rockford is working to approve its balanced budget for 2019.
The city will have to wait at least another two weeks before it can finalize its budget for next year. Aldermen voted this evening to lay over the budget item so more work can be done to get it right.
The $156.8 million general fund budget is what Rockford Finance director Carrie Hagerty considers a status quo budget, Meaning that this budget will continue the services already being provided and will continue with a flat property tax levy. Some adjustments in the 2019 budget include funds for residential demolition and changes in employee health contributions for those not represented by the union. But things could change since the budget has not been finalized.
"We want to make sure that the city council is comfortable with the budget as it gets approved. So, I am happy to lay it over for another two weeks so that they have sufficient time to get any last minute questions address or concerned addressed in the budget before we get it finalized," said Hagerty.
Hagerty says the city could have raised the tax levy and brought in nearly $1.5 million, but since the budget is balanced. The city chose to keep it flat for the 6th consecutive year.
The city's budget does not need to be finalized until March 31st, but its goal is to have it approved by the end of this year. The city could approve that budget at its next council meeting in two weeks.