The Commercial-News, Danville, IL

Local News

October 25, 2012

City looking at $1.5 million in cuts to keep tax rate same

DANVILLE — A projected 9 percent decrease in projected equalized assessed valuation on properties for 2012 means city officials will have to cut $1.5 million in expenses to keep the property tax rate around $2 per $100 equalized assessed valuation.

“It will mean cuts in personnel and cuts in services, perhaps,” Mayor Scott Eisenhauer said.

Vermilion County Supervisor of Assessments Matt Long and Eisenhauer gave the bleak news to the city council’s Public Services Committee Wednesday night.

Long said the numbers are still being figured, with farmland seeing increases in value, but residential and commercial seeing decreases. He said big industrial buildings, such as in the Eastgate area, are sitting empty and “need to get filled sooner than later.”

Bunge also has dismantled a few of its buildings, which is affecting the assessed value, Long said.

Eisenhauer said the city saw a 6 percent equalized assessed valuation decrease last year, from $342 million in 2010 to $321 million in 2011. But due to abatements, the city’s $1.97 per $100 equalized assessed valuation property tax rate stayed about the same.

If the 9 percent decrease holds true, the city will go back to numbers it hasn’t seen since 2000-2001 when the equalized assessed valuation was $300 million or less.

If the city was to make no cuts or not increase its abatements, the city’s property tax rate would increase to $2.24 per $100 equalized assessed valuation.

“That is absolutely unacceptable,” Eisenhauer said.

“In order for us to focus back on a reasonable and acceptable tax levy rate, I think we need to be around that $2 mark,” he added.

Aldermen will have a tax levy study session at 6 p.m. Tuesday at city hall.

“We have a lot of work ahead of us,” Eisenhauer told the aldermen. He said everything is on the table, except to keep some reserve funding.

City Comptroller Gayle Lewis said the city is about $400,000 ahead in revenues so far this fiscal year.

Text Only
Local News
  • Ice cream social set

    July 25, 2014

  • Meal to help fire chief

    July 25, 2014

  • No Headline Provided Illinois lottery (Friday) Pick Three-Midday: Pick Three-Evening: Pick Four Midday: Pick Four-Evening: Lucky Day (day): Lucky Day (eve): Lotto Jackpot: Indiana lottery (Friday) Daily Three-Midday: Daily Three-Evening: Daily Four-Midday: Daily Four-Ev

    July 25, 2014

  • Police, Fire Reports

    July 25, 2014

  • Grant enhances library garden DANVILLE — This summer, more children will have the opportunity to experience wildlife in the Children’s Wonder Garden at the Danville Public Library.This is thanks to a $1,213 grant from the Ronald McDonald House Charities of Central Illinois. The

    July 25, 2014

  • Pet event to benefit area shelter HOOPESTON — Here’s your chance to help homeless animals while having a good time.

    July 25, 2014

  • 'Oz' event supports literacy, Danville Library Foundation DANVILLE — The Danville Library Foundation announces its From Page to Stage: Vol. IV “Oz.”This year, the event will take audience members to “Oz” with two special celebrations. There will be the “Oz” concert and Emerald Ball and concert preview.At 3

    July 25, 2014

  • librarygreeting2.jpg Library sends to others: 'Greetings from Danville' DANVILLE – Library officials are asking children and adults to be a part of two library programs that ask them to send greetings to other towns named Danville around the country and “How do you Library?”Through Aug. 15, Danville residents can tell ot

    July 25, 2014 1 Photo

  • East Main Street study continues DANVILLE — With the East Main Street construction finished, local representatives continue to meet to discuss the future of one of the main corridors in the city.A stakeholders group, including representatives from Danville Area Community College, th

    July 25, 2014

  • Varying subsidies worry consumers MIAMI — Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her account showed several different

    July 25, 2014

Spring 2014 Photos

Buy these photos and more via Smugmug

AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
Must Read