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#2,440 - Supermayor's Village of Dolton won't make payroll and freezes credit card spending
Manage episode 433616054 series 2792715
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.
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Manage episode 433616054 series 2792715
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.
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