The Village’s Fiscal Year (FY) 2022 Budget Workshop is scheduled to take place on Tuesday, November 23, at 6:00 p.m. at Village Hall. During the Budget Workshop, staff reviews the proposed budget with the Village Board. Staff then finalizes any changes that result from the Budget Workshop before the Budget Hearing takes place. At the hearing, the Village Board will vote whether or not to pass the budget. The Budget Hearing is scheduled for Tuesday, December 7, at 7:15 p.m. at Village Hall. All budget meetings are open to the public for input.
The 2022 proposed budget is balanced at $37 million (all funds). The largest revenue source in the Village’s General Fund is property taxes. The Village's property tax levy will remain flat for existing property owners for the 12th consecutive year. New growth will be captured from new construction beginning in FY22 for the first time since 2010.
In preparation for the annual budget, each department takes a critical look at operations and justifies a need for each requested dollar. Village staff work together to evaluate everything from office supplies, personnel levels, and the effectiveness of current processes and programs. Each department must consider capital assets, personnel requests, revenue projections, and operating expenses.
Departments begin by evaluating capital asset needs in the early summer. The Village considers items with an estimated useful lifespan of one or more years that exceed certain dollar amounts to be capital assets. These are often “big ticket” items and can include improvements to buildings, playgrounds, vehicles, software, equipment, roadway improvements, and more. Capital requests are prepared for the upcoming year, along with a five-year schedule. The proposed 2022 budget includes replacing the Lynn Dillow playground, replacing swing sets at Sunset and Normandy parks, purchasing patrol squad vehicles, Public Works vehicles, and more.
Once capital requests, personnel costs, and revenue projections are reviewed, the departments present their operating budgets to the Village Administrator, Assistant Village Administrator, and Finance Director. Meetings are held throughout the process to review each departmental budget in line-by-line detail. Adjustments, cuts, notes, and revisions are made until a balanced budget proposal is compiled. It is posted to the Village website for the public to access and distributed to the Village Board for review in advance of the Budget Workshop.
Residents are invited to review the proposed budget online. The Budget Workshop and Budget Hearing are both public meetings, and all are welcome to attend. To view the proposed 2022 budget, please click here.
