Village staff have begun drafting the Village's budget for the coming fiscal year, which runs from January 1, 2020 to December 31, 2020.
All meetings take place at Village Hall, 2500 East Lake Avenue, and are open to the public. Here's the 2020 budget review and adoption schedule; staff reports and other documentation will be added as they become available:
7 p.m. Monday, September 12, 2019 -- Financial overview; Capital Improvements Program (CIP) budget
The Village Board of Trustees heard an overview of the Village Corporate Fund draft budget. As part of the discussion, the board supported maintaining an unassigned cash fund balance in 2020 equal to 35 percent to 45 percent of the current year's total Corporate fund expenditures, up from 30 percent to 40 percent. The board supported using unassigned fund balance to boost the proposed $22.5 million 2020 Capital Improvements Program. And the board affirmed its earlier direction to increase police and fire pension funding in order to stabilize contributions in future years.
The board gave direction to include special appropriations totaling $360,095 in the 2020 Village Budget to four social service agencies
7 p.m. Monday, September 24, 2019 – Operating budget
7 p.m. Monday, October 29, 2019 – Other budgets
- 7:30 p.m. Tuesday, November 19, 2019 -- 2019 tax levy public hearing, Special Service Areas and abatement ordinances
7:30 p.m. Tuesday, December 3, 2019 – 2020 budget public hearing, final 2019 tax levy consideration and abatement ordinances