(The Center Square) – Rockford officials are planning to spend reserve funds to close a $9.4 million revenue shortfall.
The Rockford Register Star reports that the city got $6 million less than expected in revenue from its annual share of state taxes on corporations and about $6 million less than expected in ambulance fees.
The Rockford city council approved a supplemental appropriation ordinance on Monday to allow for the use of city reserves…