May 25, 2016

Elyria
Sunny
79°F
 

Lorain finance committee drills down into expenses

LORAIN — Expected revenue for Lorain’s 2016 budget year was the hot topic at Monday night’s meeting of the Finance and Claims Committee. The meeting covered everything from selling scrap steel from the former Republic Steel mill to the health department to police to levies. Councilman Mitch Fallis, at large, expressed concern over an increase Read More…

Obama to release final budget of administration, more than $4 trillion

WASHINGTON — President Barack Obama is unveiling his eighth and final budget, a $4 trillion-plus proposal that’s freighted with liberal policy initiatives and new and familiar tax hikes — all sent to a dismissive Republican-controlled Congress that simply wants to move on from his presidency. The budget will be released Tuesday morning, the same day Read More…

Boros boosts pay of two magistrates, opts not to fill vacant position

ELYRIA — Lorain County Domestic Relations Judge Debra Boros boosted the pay of her two remaining magistrates after the third was named a county Common Pleas Court judge earlier this year. The pay for Magistrate Charlita Anderson-White jumped from $39.03 an hour, the equivalent of $81,182 per year, to $53.45 an hour, which works out Read More…

Lorain auditor announces $571,000 court collection shortfall

LORAIN — With about seven weeks left in the year, Lorain Municipal Court collection fees for Lorain’s general fund are nearly $571,000 less than the $1.41 million revenue city officials budgeted for. Annual revenue from collections averaged roughly 98 percent of what was budgeted for between 1995 and 2012, according to Auditor Department records. However, Read More…

10 things to know, Friday, Oct. 30

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. What Congress is sending to Obama A budget and debt deal that averts a catastrophic national default and sets the budget for the federal government for the next two years. 2. Little outcry over hospital bombings in Read More…

Budget passes Congress; Obama eager to sign it

WASHINGTON — President Barack Obama said he’s eager to sign the two-year budget deal passed by the Senate in the pre-dawn hours Friday in hopes of breaking a “cycle of shutdowns and manufactured crises” that have hurt the U.S. economy. Senators voted 64-35 for the measure that will spare the nation the specter of a Read More…

Big day on tap in Capitol: House expected to vote on budget, GOP will nominate Ryan for speaker

WASHINGTON — The House is poised to vote on a bipartisan pact charting a two-year budget truce and Republicans are set to nominate Rep. Paul Ryan as the chamber’s new speaker, milestones GOP leaders hope will transform their party’s recent chaos into calm in time for next year’s presidential and congressional campaigns. Democratic and Republican Read More…

Lorain Schools’ finances on firmer footing

LORAIN — Three years after Lorain Schools was on the brink of insolvency and a state financial takeover, its five-year financial forecast is a lot sunnier. A $3.5 million surplus is predicted next year, $5.9 million in 2017 and nearly $5 million in 2018, according to Treasurer Dale Weber’s semi-annual forecast. However, the surplus plummets Read More…

Two-year budget deal reached; GOP, Dems, Obama all on board

WASHINGTON — Congressional leaders are throwing their collective weight behind a hard-won, two-year bipartisan budget plan aimed at heading off a looming government debt crisis and forestalling a government shutdown in December. The pact, which would take these volatile issues off the table until after the 2016 presidential election, emerged in behind-the-scenes negotiations late Monday Read More…

Commissioners voice concerns over budget crunches

ELYRIA — Delayed capital improvements and rising costs coupled with lower revenues have Lorain County officials worried about the county’s general fund budget next year. “In all the years I’ve been here, things are tighter than ever before,” county Administrator Jim Cordes told county commissioners during their meeting Wednesday as they were discussing whether to Read More…