SYCAMORE – The Sycamore City Council will hold a public hearing on their fiscal year 2019-2020 budget before a final vote Monday.
The hearing will be part of the regular council meeting set for 7 p.m. Monday at the Sycamore Center, 308 W. State St. The total budget, which was presented in its final form at the first meeting in April, calls for $17,001,150 in general fund expenditure for the year beginning May 1. City Manager Brian Gregory said the city anticipates $17 million in planned revenue for the fiscal year.
Operating expenses in the budget are pegged for $15.7 million about 1.7% more than fiscal 2019, a number City Manager Brian Gregory has said the city anticipated. Pension funding was also maintained under the city’s targets, he said.
Sycamore continued to see growth in its equalized assessed valuation for 2018, capping out at $446,178,904, according to city documents. Also at the April 1 meeting, officials showed a $26 million-plus increase over the 2017 figures, a nearly 6 percent uptick, as the city’s housing market continues to rebound from the recession.
Also on Monday's agenda...
Council will also vote on an intergovernmental agreement between the city and the Sycamore Fire Protection District, an agreement which the district has already approved, according to the council agenda. The agreement states the fire protection district would provide a contribution of $365,000 to go toward department equipment, most recently the new ambulance and replacement pumper-tender engine purchase, which is expected to cost about $550,000.
Sycamore Mayor Curt Lang's recommendations for modifying various city boards and committees are also set for a vote Monday. According to the agenda, Lang conducted a comprehensive review of the city's committee structure. The Board of Zoning Appeals could be consolidated with the Plan Commission to form the Planning and Zoning Commission. Recommendations also include the dissolution of the Board of Local Improvements, which has not been used by the city since 1988, according to the agenda. The Economic Development Committee could also be amended.
Finally, council will vote to approve an easement agreement with Sycamore resident David Ruiz of 437 Edward St. to allow for storm water improvements. The easement from Ruiz is for proposed storm sewer work that would run across the southwest corner of his family's property. The sewer work is part of a planned summer street's maintenance program, the agenda show.