Gov. Rauner may reduce Wheaton's funding by $2.6 million
If Gov. Bruce Rauner has his way, Wheaton, Illinois, could lose $2.6 million, or 6.4 percent, of the city's general fund revenues.
Rauner recently announced his intention to decrease the Local Government Distributive Fund (LGDF), money that is distributed to municipal governments throughout the state.
The amount of money the city may lose represents 65 percent of the general fund's capital projects budget, 75 percent of the general fund's public works personnel costs, 44 percent of the fire department's personnel costs and 23 percent of the police department's personnel costs.
If replaced with property tax dollars, the city would need to increase the general fund property rate by 11.6 percent, or $0.14 per $100 of equalized assessed valuation.