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Kankakee budget committee reviews FY2025–26 proposal; schedules two public hearings
Summary
Comptroller Rogers presented a draft FY2025–26 budget that redistributes property-tax dollars after a bond sale, corrects a franchise-fee accounting error, and projects stable sales-tax revenue; the committee set two public hearings and continued review rather than adopting a final budget.
KANKAKEE, Ill. — The Kankakee City Budget Committee on Tuesday reviewed a draft fiscal 2025–26 budget that reflects accounting adjustments after a recent bond transaction and several line-item changes, but did not adopt a final budget.
Comptroller Rogers told the committee the draft is “very similar to what we presented last time, but there has been changes,” and said the administration is aiming for a balanced budget while prioritizing capital self-funding. "As always, we are shooting for a balanced budget," Rogers said.
The committee discussed three substantive accounting changes highlighted by Rogers. First, a historical $100,000 shortfall in cable/franchise-fee revenue was traced to Aqua Illinois franchise payments recorded in the…
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