Quincy's revenues experience expected decline
Quincy leaders learned Monday night the city has taken in less money this fiscal year and that was expected.
City Comptroller Sheri Ray told city council the city is more than $160,000 ahead of what was expected. That's due to higher than normal property tax payments from the state of Illinois.
Ray said the city's revenues are behind last year's totals. She added she expects the decline to continue.
"We've prepared for a budget decline, we're right on budget which is below last year's," Ray explained. "So, that part is driving us for about a $165,000 ahead budget but we're still $120,000 below where we were in those four sources, year over year."
Quincy's Sustainability Committee is planned to meet Tuesday afternoon to find solutions to end the decline.