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Commissioner Maxim warns of $15 million Forest Park deficit, urges new revenue and development
Summary
Commissioner Maxim told the Village of Forest Park council that the village carries an overall $15 million deficit and urged the body to pursue new revenue sources — including reconsidering a 'places of eating' tax and stalled zoning changes — to restore fiscal stability.
Commissioner Maxim told the Village of Forest Park council on Aug. 11 that the village is carrying a $15 million overall deficit and urged the body to pursue new revenue sources to close the shortfall. "We are carrying a $15,000,000 overall deficit... and the most urgent part of that is over $6,000,000 in our general fund alone," Maxim said, calling the situation "not sustainable."
Maxim said roughly $2,000,000 of that shortfall was borrowed from the village's TIF fund and warned the council that money taken from restricted funds will need to be paid back. "That's a…
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