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#2,440 - Supermayor's Village of Dolton won't make payroll and freezes credit card spending

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Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Dolton's dire financial situation was addressed at another fiery village board meeting on Monday night.

Officials revealed they've had to dip into Tax Increment Financing fees to pay public-sector employees. They also approved layoffs of eight village employees, citing financial issues.

"It's unfortunate, but we have to make these decisions so we can make payroll," Trustee Brittney Norwood said.

The board also froze credit card spending. This means only the director or administrative services can use the village credit card on approved expenses. Only $5,000 can be spent at a time.

Trustees also discussed putting a village-owned property on the market. It was supposed to become a Dolton police station, but the village doesn't have the money to make that happen. The board did not vote on possibly selling that property.

  continue reading

2436 episoade

Artwork
iconDistribuie
 
Manage episode 433616054 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Dolton's dire financial situation was addressed at another fiery village board meeting on Monday night.

Officials revealed they've had to dip into Tax Increment Financing fees to pay public-sector employees. They also approved layoffs of eight village employees, citing financial issues.

"It's unfortunate, but we have to make these decisions so we can make payroll," Trustee Brittney Norwood said.

The board also froze credit card spending. This means only the director or administrative services can use the village credit card on approved expenses. Only $5,000 can be spent at a time.

Trustees also discussed putting a village-owned property on the market. It was supposed to become a Dolton police station, but the village doesn't have the money to make that happen. The board did not vote on possibly selling that property.

  continue reading

2436 episoade

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