Joliet estimates up to 70% of City revenue lost due to COVID-19


Share post:

During a round table meeting hosted by the City of Aurora today featuring Mayors from across the State of Illinois, Joliet Mayor Bob O’Dekirk announced the City of Joliet has lost up to 70% of its annual operations revenue since COVID-19 began.

“Our annual budget is about 280 million dollars a year in Joliet. Right now we’re estimating we’ve lost about 70% of those revenues.” Mayor O’Dekirk announced, shocking other Mayors in attendance of the group video session hosted via Zoom on Facebook Live.

The announcement comes following a special budget meeting held by City officials last Tuesday. The City Manager and Finance Director laid out those loss projections for Joliet officials.

“With the Riverboats alone, we’re losing about $300,000 a week,” said Mayor O’Dekirk. “I think seniors are the big clientele, and the proximity, I think it’s a long time before those are going to be open. Or, if they are reopened, they operate anywhere near the way they were operated before.”

Mayor O’Dekirk says the City has a healthy reserve with a significant amount of assists to borrow against.

 “We’re going to have a better idea a couple months from now when we see what revenues aren’t coming in,” Mayor O’Dekirk said. “You can’t cut your way out of that. We’re tightening our belt, we went back to Department heads, but those numbers just can’t be replaced. The numbers have to come in.”

Joliet’s Mayor says it’s hard to say where the City will come out from all of this, or how long it will take. “If things don’t’ change we figure we can stay viable until September, October,” Mayor O’Dekirk added.

You can watch the full roundtable discussion for yourself on the City of Aurora’s Facebook page now.

Shane Saathoff
Shane Saathoff
An active writer for two decades, Shane's focuses on local news and events throughout the area, Shane is an active historian, science nerd, and tech geek. Shane is a native of Bourbonnais, IL, and alumni of Olivet Nazarene University.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related articles

Illinois Daycare Bomb Threat Leads to Employee Arrest

CARTERVILLE, Ill. - Tension gripped Williamson County when Little Treasures Child Development Center received ambiguous yet alarming text threats...

Michigan Teen’s Sinister Digital Trail Exposes Double Homicide Plot

ST. JOSEPH COUNTY, Ind. - A chilling electronic footprint and incriminating testimony have led to a guilty verdict for...

Gravel-Triggered Motorcycle Accident in Michigan Raises Safety Concerns

VOLINIA TOWNSHIP, Mich. - A sudden encounter with gravel led to a distressing motorcycle mishap in Cass County yesterday...

Fuel Spill on I-55 Grinds Traffic to a Halt: Alternate Routes Advised

PLAINFIELD – A semi rollover has disrupted the daily commute for many, after causing a significant fuel spill on...