Monday, April 20, 2015
Cicero finances continue to improve
When Larry Dominick assumed the presidency of the Town of Cicero in 2005, the Town was saddled with outstanding indebtedness of $148.1 million, equal to a debt obligation of $1,765.68 per Cicero resident, according to the Town of Cicero Finance Department Director Don Schultz.
At the end of 2014 President Dominick has reduced this debt by 42%, to $85.9 million, or $1,024.25 per Cicero resident. By the end of President Dominick's present term in 2017, total outstanding debt will be reduced by 53.4% to $69 million, or $823.03 per resident.
By the end of 2021, total indebtedness will be reduced by 78% to $32.4 million, or $386.69 per resident
"President Dominick's charge has been clear: 'Do not spend money you do not have and do not straddle future generations with present day debt’,” Schultz said.
Since 2005 and the administration of Larry Dominick, the Town of Cicero has not incurred any long term outstanding debt, but has instead worked to reduce and carefully eliminate the indebtedness incurred by prior administrations and to provide necessary and current services with available resources.
In furtherance of the Dominick administration's efforts to bring relief to Cicero taxpayers, the President and Town Board have passed along $80.8 million in property tax abatements since 2005. These tax abatements lessened the tax burden by providing alternative sources of debt repayment without applying such payments to the tax bills of Cicero residents and businesses.
Dominick expanded services without raising taxes by implementing sound financial strategies. As a result, Cicero has received top national honors in financial reporting procedures five-years in a row from the Government Finance Officers Association of the United States and Canada (GFOA). Under Dominick, Cicero maintains a strong A-Plus (A+) rating from Standard & Poors.
Sunday, April 12, 2015
Man charged Sunday in beating death of 18-month old Cicero toddler
|Martin Alvarado Jr., 23, charged in the|
murder of 18 month old Edwin Eli O'Reilly
On Thursday April 9, 2015 the Cicero Police and Fire Dept. responded to a call of an unresponsive child in a home in the 1600 block of 49th Court. Edwin Eli O’Reilly, 18 months old, was rushed to MacNeal Hospital where the child succumbed to injuries and was pronounced deceased.
Cicero Police Detectives learned through a tireless investigative process that the child was in the care of 23 year old defendant, Martin Alvarado Jr. of the 1600 block of 49th Ct. Alvarado Jr. was identified as the boyfriend of the victim’s mother.
During the time the child was in the care and custody of defendant Alvarado Jr., the child was crying and suffered from loose bowel movements, investigators learned. As the defendant was in the process of changing the young victim’s diapers, the child urinated on Alvarado Jr.. This enraged the defendant and Alvarado Jr., who struck the baby multiple times about the body causing the child's death.
During interviews with Cicero Police through Sunday, Alvarado Jr. made incriminating statements and gave a video-taped confession of his actions that caused the death of the child.
Police charged Martin Alvarado Jr., 23, was subsequently charged with First Degree Murder and is due in Bond Court on Monday morning, April 13, at the Maybrook Court House in Maywood Illinois.