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COVID deficit will continue to impact St Charles budget

Updated 3/4/2021 5:51 PM St. Charles Finance Director Chris Minick has a term for the budget difficulties the city s endured for the last year: the COVID deficit. At last weekend s city council retreat, for the first time Minick outlined for Mayor Ray Rogina and the aldermen the ongoing impact of a COVID deficit that will create a nearly $3.2 million hole in the projected budget for the 2021-22 fiscal year that begins on May 1.   Minick said projected revenue of about $47 million is shy of a normal year where the city would expect $49.25 million. A significant amount of the decrease is from hotel/motel tax revenue that s projected to be at $750,000, compared with $2.2 million in a normal fiscal year.

Hotel tax revenue drop prompts St Charles to get creative in supporting business group

Updated 2/5/2021 9:06 PM The COVID-19 pandemic drastically decreased the annual hotel and motel tax revenue that helps fund organizations such as the St. Charles Business Alliance, but city officials agreed this week to fill the gap for the 2021-22 fiscal year by tapping into the city s general fund. The city s aldermen voted unanimously Monday to allocate $698,600 to the alliance. The general fund will contribute $436,600, while $262,000 will come from Special Service Area funds, which is additional property taxes levied on commercial properties in the core of downtown and used to fund economic projects.   The city also approved $90,000 for the Visitors Cultural Commission.

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