It’s budget time at Village Hall

By on April 8, 2011

by Lynn Meredith
Elburn—Now is the time of year when village officials are putting the finishing touches on the budget for the next fiscal year. Now is also the time for citizens to learn what is being proposed and the reasons for it. Elburn residents will have that opportunity at a public hearing on Monday, April 18, at 7 p.m. at Village Hall.

At the public hearing, residents will have a chance to provide feedback to the board before it votes on the budget on April 25. The budget ordinance will be published and available for public viewing prior to the vote.

As currently proposed, the budget is showing an increase in its balance of $70,000 from last year. With a beginning balance of $4,584,520, income estimated at $4,492,451, and expenditures estimated at $4,423,419, the budget shows the village coming out ahead.

“I am duly impressed with the hard work of Steve Smith in the Police Department, John Nevenhoven in Public Works, Erin (Willrett, village administrator), Katy, Mike Greenen and everybody,” Village President Dave Anderson said.

The village has also received the tentative levy numbers that indicate what property taxes will be for the coming year.

“The rate went up by .03 cents,” Anderson said. “On looking at my own rates, I see that it’s almost identical to what it was a year ago.”

The village got an increase but not the full amount they requested, something that is quite usual with tax levies.