For the 33rd year in a row, the City of St. Charles’ Comprehensive Annual Financial Report was awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). The award is the highest form of recognition in government accounting and finance. It recognizes the City of St. Charles for showing a spirit of full disclosure in clearly communicating the City’s finances.
Determining the property tax levy is a multi-step process that incorporates several public meetings which allow for citizen input. That process kicked off at the Nov. 5, 2018 City Council Meeting with a presentation about a preliminary estimate of the 2018 property tax levy.
The levy is the total amount of property taxes the City collects to perform the services it provides to the citizens of St. Charles. The levy pays for 24/7 police, fire and public works services, infrastructure enhancements/maintenance, planning, engineering and much more.
Results from the City’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ending April 30, 2018, were presented at the Oct. 22, 2018 Government Services Committee Meeting. City Finance Director Chris Minick and Sikich LLP Partner Fred Lantz, from the City’s independent auditing firm, presented the audit report results.
Beginning Sept. 1, the City’s alcohol and hotel tax rates increase 1%, and a new local fuel tax of $0.02 per gallon sold within City limits will be implemented Nov. 1. These taxes are sometimes called “user fees” because they affect users of the items, in this case both visitors to St. Charles and residents.
These new taxes will fill an unexpected gap in our budget, caused by two continuing issues: a continuing loss of State funding and a property tax levy that has remained unchanged since 2009.
The City of St. Charles is committed to providing a continuous supply of safe, reliable and economical water to its customers. Every year the City of St. Charles Water Division distributes a report that summarizes the quality of the City’s drinking water. We are pleased to report again this year that your tap water met all Environmental Protection Agency (EPA) drinking water health standards.
The St. Charles Police Department received the “Outstanding Community Partnership” Award on Wednesday, May 16 at the Association for Individual Development (AID) Annual Meeting. Chief James Keegan and Deputy Chief Steve Bedell, accepted the award on behalf of the department.
St. Charles Sees Marked Growth in Industrial Sector in 2011