Category: Fiscally Speaking

Maywood Transfers $1M From Rainy Day Fund To Pay Backlogged Bills

Thursday, March 1, 2018 || By Michael Romain || @maywoodnews || Updated: 3/3/18

During a Feb. 20 regular meeting, the Maywood Board of Trustees voted unanimously to transfer $1 million from the village’s working capital reserve fund (also known as its rainy day fund) in order to pay 33 vendors to whom the village owes money and with whom the village has outstanding balances of at least 60 days.

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Maywood Board Brings Back Finance Committee After Years Of Inactivity

Tuesday, February 13, 2018 || By Michael Romain || @maywoodnews 

During a Feb. 6 regular meeting, the Maywood Board of Trustees unanimously decided to reactivate the board’s finance committee, which has been dormant since Mayor Edwenna Perkins took office in 2013. Maywood trustee Ron Rivers was absent.

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Triton Approves Flat Tax Levy

Tuesday, February 6, 2018 || By Community Editor || @maywoodnews 

During a meeting in December, the Triton College Board of Trustees approved a “tax levy which includes no increase over the previous year,” according to a statement college officials released on Feb. 6.

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Maywood, You Need To Get Serious About Spending Taxpayers’ Money

Wednesday, December 13, 2017 || By Michael Romain || OPINION || @maywoodnews 

Featured image: A screenshot of a page from a typical Maywood budget document. Compare Maywood’s budget presentation to nearby towns like Oak Park and River Forest. 

The Dec. 5 public hearing on Maywood’s 2017 tax levy, where village officials heard just a fraction of the collective heartache felt by residents, just reinforces the need for the village to inject long-term strategy, values, goals and expectations into the budget-making process.

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Maywood Likely to Approve 3% Levy Amid Residents’ Complaints

Saturday, December 9, 2017 || By Michael Romain || @maywoodnews 

During a contentious Dec. 5 public hearing on Maywood’s 2017 tax levy, around a half dozen village residents berated the Board of Trustees for proposing to increase the village’s annual budget by 3 percent over last year’s level. The board is expected to authorize the new levy at a regular meeting on Dec. 19.

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Tax Levy Public Hearing and Regular Maywood Board Meeting Tonight, Dec. 5

Tuesday, December 5, 2017 || By Community Editor || @maywoodnews 

A public hearing on the 2017 village of Maywood tax levy, in addition to a regular meeting of the Maywood Board of Trustees, is scheduled for today, Tuesday, Dec. 5, 7 p.m., at Village Council Chambers, 125 S. 5th Ave. in Maywood.

Continue reading “Tax Levy Public Hearing and Regular Maywood Board Meeting Tonight, Dec. 5”