Sycamore City Council presents balanced budget
SYCAMORE – Positive economic trends could help bolster Sycamore’s budget next fiscal year, although city officials note that they can not make up all of the city's revenue mix in the future.
Based on the previous year’s trends, Sycamore City Manager Brian Gregory told council members Tuesday that state sales taxes could be the greatest source of revenue for the 2014 fiscal year, with the local restaurant and bar tax also continuing to grow.
Gregory commented that the restaurant and bar tax seemed to be “recession-proof,” as many people have continued to dine out regardless of the economic downturn over the past few years.
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