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Dolton trustee reports $2.04 million fiscal-year deficit and $8.02 million total debt
Summary
Trustee Keanna Belcher told the Village of Dolton Board of Trustees the village faces a $2,043,397.16 deficit for the fiscal period May 1–Aug. 31, 2025, and a total debt of $8,021,674.57; officials say expected property tax receipts and newly identified revenues may ease the shortfall.
Trustee Keanna Belcher told the Village of Dolton Board of Trustees that the village is carrying a $2,043,397.16 deficit for the fiscal period May 1 through Aug. 31, 2025, and a total outstanding debt of $8,021,674.57.
Belcher said the figures come from the village’s accounting firm and that the board will convene a finance committee meeting to review details and potential responses. "I said fiscal year starting in May 1. Our total debt currently right now is $8,021,674.57," Trustee Keanna Belcher said at the meeting.
The deficit matters because Dolton receives a large share of its revenues from property taxes, which arrive later in the fiscal…
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