Mostly Cloudy
55°
DeKalb, IL
Mostly Cloudy|Forecast »

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.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com


Reader Poll

Do you plan to hold a garage sale this summer?

Yes
No, but I will shop at them
No, I stick to retail stores