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Morris, IL
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Morris denied grant for study on flood plain

City sought cash to find if areas could be removed

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The General Fund has seen an almost $1 million increase in its cash on hand part, due, in part, to $80,000 extra a month the city is receiving in taxes from a new business, said Crawford.

The Tax Increment Financing District Fund saw a total revenue increase with last year’s participation in the state matching program. The Water and Sewer Fund’s revenues stayed steady with its fees, but there is no other revenue since there has not been any new development.

But because the city never counted on new development fees, this fund has stayed in good shape, said Crawford.

He also pointed out that, since 2009, the assessed values have continued to fall in the area, decreasing the property taxes. From 2010 to 2011, it dropped 5 percent, the same from 2009 to 2010. Grom 2011 to 2012, it’s expected to decrease by 6 percent.

Crawford said that 6 percent in preliminary and could go down more.

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