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Joliet’s finance director delivers mostly good news on proposed budget

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Road improvements totaling more than $30 million, body cameras for police officers, more revenue from sales taxes and real estate taxes and a reduction in the tax levy. That was some of the good news outlined in the City of Joliet’s proposed 2022 budget presented Monday by Jim Ghedotte, the city’s finance director. Ghedotte presented the budget on behalf of City Manager James Capparelli. It includes revenues of $388.7 million and expenditures of $438.1 million. The estimated $50 million shortfall will be made up by selling bonds to pay for $28 million in water and sewer replacement projects, as opposed to paying for them in cash. Also reserves funds from the current budget are projected to total $250 million. Joliet Mayor Bob O’Dekirk and the city council are expected to take a closer look at the proposed budget and likely make some adjustments prior to putting it to a vote on Dec. 21.

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