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August 27, 2015
Over $37 million set for storm water projects over five-year period By Dan McLeister For The Elmhurst Independent
ELMHURST — In the latest five-year Capital Expenditure Budget (CEB), more than $37 million has been designated for storm water related projects, City Manager Jim Grabowski reported to City Council. “That is a big piece of the pie,” he said at an August 17th meeting. Alderman Jim Kennedy (6th Ward), chairman of the Public Works and Buildings (PWB) Committee, spoke up about looking beyond the five-year plan. “We have to prepare ourselves for a figure that could be somewhere around $100 million,” he said. “We need to come up with a plan on how to proceed over X number of years.” The latest five-year plan has increased to $130,238,800 from $97,142,100 over the five-year period. Grabowski said reasons for the increase include: Significant construction cost increases; Additional projects rolling on to the plan;
Some carryover projects from the current year. Capital Improvement Fund (CIF) revenues for 2016 through 2020 are projected to increase by 2.5 percent annually in Home Rule Sales Tax and in State Income Tax and by
one percent annually in Telecommunications Tax amounts. The City official noted that the proposed budget does not take into consideration any revenue change as a result of Illinois General Assembly action. “At this time it is very unclear
to what if anything may happen,” Grabowski said. If the General Assembly were to decrease municipal funding, reconsideration of expenses and/or consideration of new or increased revenue would be necessary, he said. The five-
year CEB anticipates issuing long term debt (bonds or loans) in 2016, 2017 and 2018 for financing storm water management projects and improvements in the Wastewater Treat-
See PROJECTS, Page 5
LIVE AT PARK PALOOZA!
Kids were invited on stage to perform with the band Zydeco Voodoo at Park Palooza held on Saturday, August 22 at Berens Park. A record crowd attended, since the weather was spectacular. The event, hosted by the Elmhurst Park District, included other bands, food, kids and family activities and much more. courtesy photo
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Kennedy: Prepare for somewhere around $100 million
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