Maywood Board Braces for Potential Cuts to LGDF Fund — Which Could Mean Layoffs, Service Reductions, Higher Debt and More

Tuesday, April 21, 2015 || By Michael Romain Village staff and counsel say the cuts are unlikely this budget cycle, but anticipate a funding fight in future years If Illinois Governor Bruce Rauner had his way, he’d take away 50 percent of local municipalities’ share of the state income tax, known as the Local Government Distributive Fund (LGDF), which is currently about 8 percent of the state’s … Continue reading Maywood Board Braces for Potential Cuts to LGDF Fund — Which Could Mean Layoffs, Service Reductions, Higher Debt and More

The State of Illinois Owes Maywood More Than $135K, Says Illinois Municipal League Late Payment Calculator

(The chart shows State income tax payments to local governments from FY2008 to FY2013 and the Governor’s recommended payments for FY2014. The amount of State income taxes shared with local governments remains below its pre-recession level of $1.208 billion in FY2008. Chart and caption by the Civic Federation.) Wednesday, July 30, 2014 || By Michael Romain  Municipalities claim Illinois already underpays them their share of … Continue reading The State of Illinois Owes Maywood More Than $135K, Says Illinois Municipal League Late Payment Calculator