2012 Proposed Budget Now Available

Oct 10, 11

The 2012 Budget is now available for review below.  The Village Board challenged Village staff to present a 2012 Budget that would do the following:

• Drive down the projected growth in the property tax levy
• Maintain Village services
• Submit a balanced budget that did not rely on using reserve funds

The 2012 Budget as presented maintains Village services, including police, fire and public works, and is balanced.

The budget projects a 3.69% property tax increase -- the smallest percentage increase since 1999. The components of the 3.69% increase are:

• Funding debt service for bonds issued in the past for road improvements and other critical Village infrastructure and facilities.
• Funding short term borrowing for real property purchases.
• Funding additional employee pension obligations mandated by the State of Illinois.

A more detailed review of the budget can be found by clicking on the links below.  The Village Board will be holding a Budget Workshop on Thursday, October13th at 7:00pm in the Second Floor Training Room of Village Hall.

Budget Documents

Village Manager's Transmittal Letter
2012 Proposed Budget