Aurora Facing $25 Million Deficit Due To Coronavirus: Officials

AURORA, IL — Aurora is starting down a budget deficit that could reach up to $25 million due to the coronavirus pandemic, officials said during a recent City Council meeting.

Though officials are projecting a large shortfall in the 2020 budget, Mayor Richard Irvin said there will be no coronavirus-related property tax hikes.

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Aurora is set to receive about $7.8 million in coronavirus relief funding from Kane County and about $2.5 million from DuPage County, along with some funding from Will and Kendall counties, according to a report by the Aurora Beacon-News.

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Martin Lyons, Aurora’s chief financial officer, said city officials are working to reduce the 2020 budget deficit to about $10 million. That effort will be helped by higher-than-expected revenues from sales taxes, property taxes and building permits, the report states.

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Lyons said the city would not raise taxes for any reason related to the coronavirus, but he warned growing costs for police and fire pensions could force the city to consider tax increases, the report states.

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