Village staff have begun the process of preparing the 2023 budget.
The budget is the most important work product the Village Board must develop and approve every year. Not only is it a legal document detailing how dollars are spent, but it also lays out Village goals and objectives for the coming year.
The process of preparing the budget begins in April each year with the development of a five-year forecast. Village staff use that forecast to develop each department’s budget using a zero-based approach, meaning that rather than drawing from last year’s budget, the Village starts from scratch to ensure a ground-up review of all expenditures on an annual basis.
The formal, public budget cycle kicks off in the fall through a series of three budget workshops in which the Board and the public review and discuss revenues, expenses and ongoing capital improvement projects. These workshops are open for public participation, providing residents and business owners the opportunity to ask questions and give feedback about spending priorities.
The Board then meets once in November to review the property tax levy, which is the amount of revenue a taxing jurisdiction needs to raise from property taxes. Then it meets once more in December to formally adopt the final budget. Both the levy review and final review of the budget are preceded by public hearings to allow for public participation.
Glenview’s process for preparing the budget has served the Village well. The Village has maintained a balanced budget going back decades and has received a Aaa rating from Moody's for 31 years running – one of only 13 Illinois municipalities currently receiving this highest score. This credit rating allows the Village to take advantage of lower interest rates when financing is needed and is a testament to the Village’s strong financial position.
Listed below are the tentative times and dates for this year's budget workshops and meetings:
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Budget Workshop I: 7 p.m. Thursday, Sept. 8 -- Financial overview; Capital Improvement Program budget
Staff gave an overview of the Glenview Budget Process followed by a presentation of the initial draft 2023 budget and draft 2022 projections . The draft 2023 Proposed Budget is a zero‐based budget with a projected operating surplus of $317,945. Revenues are estimated conservatively with a slight increase over the 2022 projection. Staff is actively monitoring the Village's revenues and how they are performing with many economists predicting an economic downturn. Staff also presented a Financial Response Plan should there be an econonomic downturn.
The budget tentatively set for the Capital Improvement Program (CIP) is $28.07 million, with $20.11 million going toward road reconstruction and related underground infrastructure improvements, such as water and sanitary sewers; $2.15 million for road resurfacing; $0.5 million for stormwater-related projects; and $5.31 million for design, intersection and streetscape improvements, trails and other special projects.
- Budget Workshop II:7 p.m. Tuesday, Oct. 11 -- Corporate Fund Update, Operating Department Budgets, Enterprise Funds, ARPA Update
The Village Board of Trustees met on Tuesday, Oct. 11 for Budget Workshop II, the second of three workshops to review Village spending priorities. The meeting included presentations from every Village department with an overview of key initiatives taking place in 2023. Additional topics included:
- A public works campus redevelopment project to add additional local salt storage, more formal covered and open materials storage areas along with drainage improvements and repaving
- An update on the financial status of the water and sanitary sewer funds, with rates increasing only 3% for water consumption rates and 1.75% for sanitary sewer usage rates
- American Rescue Plan Act (ARPA) Update including local business support programs to assist those businesses that were adversely impacted by COVID‐19 and streetscape improvements for Glenview and Waukegan roads
- Commuter parking rates, including a recommendation to return to pre-pandemic rates
- Budget Workshop III: 7 p.m. Thursday, Oct. 27 -- Other Budgets, Non-Profit Core Service Funding, Draft 2022 Tax Levy, CIP Update
The third and final budget workshop was held on Thursday, October 27. Topics presented included the Glenview Public Library Preliminary 2023 Budget and 2022 Proposed Levy, Non-Profit Core Service Funding, a Corporate Fund Update, Glenview 2022 Proposed Levy, Permanent and TIF Funds, and a CIP Update.
- 2022 Tax Levy Public Hearing: 7:30 p.m. Tuesday, Nov. 15
- 2023 Budget Public Hearing: 7:30 p.m. Tuesday, Dec. 6
2022 Village Budget
Watch the video above to learn how the Glenview budget is made.
The Village Board of Trustees adopted the the Village's budget for 2022 on Dec. 7, 2021. This budget covers the fiscal year from Jan. 1, 2022-Dec. 31, 2022.
Listed below are the Village Board's budget workshops and meetings up to its adoption on Dec. 7.
- 7 p.m. Monday, September 13 -- Financial overview; Capital Improvement Program budget
Staff presented the initial draft 2022 budget and draft 2021 projections at the September 13 workshop. Proposed for 2022 is a zero‐based budget that is projected to have an operating surplus of $253,642. We are anticipating some of the major revenue streams in 2022 coming in slightly higher than 2021. Staff is actively monitoring the Village's economically sensitive revenues and how they are performing in the continuing pandemic economic environment.
The budget tentatively set for the Capital Improvement Program (CIP) is $25.6 million, with $15.4 million going toward road reconstruction and related underground infrastructure improvements, such as water and sanitary sewers; $1.47 million for road resurfacing; $3.22 million for stormwater-related projects; and $5.51 million for design, intersection and streetscape improvements, trails and other special projects.
Staff also presented information on the American Rescue Plan Act funding allocation to the Village, Corporate Fund Balance policy, and non-profit core service funding.
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7 p.m. Thursday, September 30 -- Operating budget (Corporate Fund)
The Village Board of Trustees heard presentations about the preliminary Glenview Public Library operating fund; the overall Village financial picture; an overview of the Corporate Fund, from which most daily operating costs are funded; reports from each operating department; and reports for internal service fund spending, which include the Capital Equipment Replacement Fund (CERF), Facilities Repair and Replacement Fund (FRRF), and the Insurance and Risk Fund.
- 7 p.m. Thursday, October 28 -- Other budgets
The Village Board of Trustees heard presentations about the non-profit funding recommendatino, closure of The Glen TIF, 2021 tax levy, water and sanitary sewer rates, the Permanent Fund, the updated Capital Improvement Program (CIP), and an update on American Rescue Plan Act (ARPA) funds.
Following the workshops, the public has two more opportunities to provide input and comments.
- 7:30 p.m. Tuesday, November 16 -- 2021 tax levy public hearing, Special Service Areas and abatement ordinances
- 7:30 p.m. Tuesday, December 7 -- 2022 budget public hearing, final 2021 tax levy consideration and abatement ordinances
2021 Village Budget
The Village Board of Trustees on December 8, 2020 adopted the Village's budget for the coming fiscal year, which runs from January 1, 2021 to December 31, 2021.
All meetings prior to the adoption were held virtually on Zoom, with instructions on how the public could view and participate in the meetings. Here's the 2021 budget review and adoption schedule; staff reports and other documentation were added as they became available:
- 7 p.m. Monday, September 14 -- Financial overview; Capital Improvement Program budget
Staff is still determining the financial impacts of COVID-19 on the 2020 budget, and results of the COVID-19 Financial Response Plan to reduce expenditures. Proposed for 2021 is a zero-based budget projected to continue with some of the negative revenue effects of the pandemic, particularly sales tax revenue. The draft shows operating revenues are anticipated to be $2 million lower than the 2020 budget and operating expenses $932,000 lower than the 2020 budget.
The budget tentatively set for the Capital Improvement Program (CIP) is $20.9 million, with $13.1 million going toward road reconstruction and related underground infrastructure improvements, such as water and sanitary sewers; $2.04 million for road resurfacing; $2.31 million for stormwater-related projects; and $4.8 million for design, intersection and streetscape improvements, trails and other special projects.
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7 p.m. Wednesday, October 14 -- Operating budget (Corporate Fund)
Staff presented the preliminary Glenview Public Library operating fund; an overview of the overall Village financial picture; a review of the revenues and expenditures for the Corporate Fund 2020 year-end projection, with an update on the COVID-19 Financial Response Plan; an overview of the proposed 2021 Corporate Fund budget; each department's operating proposals for 2021; and internal service fund budgets for 2021.
- 7 p.m. Thursday, October 29 -- Other budgets
The Village Board of Trustees heard presentations about the updated Corporate Fund, 2020 tax levy, water and sanitary sewer rates, the Permanent Fund and TIF funds, the updated Capital Improvement Program (CIP), elected officials compensation and an update on special appropriations.
Following the workshops, the public has two more opportunities to provide input and comments. The format of these meetings will be via Zoom:
- 7:30 p.m. Tuesday, November 17 -- 2020 tax levy public hearing, Special Service Areas and abatement ordinances
The Village Board of Trustees held a public hearing regarding the proposed 2020 tax levy and preliminarily adopted the proposed levy ordinance and the 2020 property tax abatement ordinance; adopted on first reading the 2020 property tax levy for 24 Special Service Areas; and preliminarily amended the Glenview Municipal Code relating to fees to be charged by the Village of Glenview in 2021.
- 7:30 p.m. Tuesday, December 8 -- 2021 budget public hearing, final 2020 tax levy consideration and abatement ordinances
The Village Board of Trustees held a public hearing regarding the 2021 Village budget and then adopted the budget; adopted the final 2020 tax levy; and adopted abatement ordinances on final reading.
