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Dorchester trustees review revenue streams, budget and bond payments; clerk to arrange assessment meeting
Summary
Trustees at a special April 17 workshop reviewed the village’s revenue streams and annual budget and directed the clerk to meet with Olsson and Northland Securities to discuss assessments and future street projects.
At a special meeting on April 17, the Village of Dorchester Board of Trustees reviewed municipal revenue streams, the annual budget and outstanding bond payments as part of preliminary planning for capital projects.
Clerk-Treasurer Jen Kasl presented financial information and trustees discussed primary revenue sources: highway allocation funds, local sales tax, tax-increment financing (TIF) proceeds and interest from certificates of deposit (CDs). The board did not adopt any budget amendments or commit specific funding during the workshop.
To support capital planning and potential assessments, the board directed Clerk Kasl to schedule a meeting with engineering firm Olsson and financial advisor Northland Securities to review assessments and discuss options for future street projects and their financing.
Tammie Lang, who was excused at roll call, arrived at 5:30 p.m.; the meeting record does not specify individual votes by each trustee on the administrative decisions. The special meeting adjourned at 6:21 p.m.
