patching...
Welcome back, Patch Blogger!

Village Budget

Friday, March 30, 2012

Proposal Shows Balanced, Reduced Village Budget

Trustees will vote on the $91.5 budget plan on April 18.

The Village of Romeoville is planning another balanced budget for 2012-13, and it will save most residents a few bucks, according to the mayor. “The average taxpayer in Romeoville will pay about $4, on average, less than they did last year,” Mayor John Noak said, adding it’s the second year in a row taxpayers will see savings on the village portion of their tax bill. The proposed budget also includes another tax rebate in the form of a $20 discount on homeowners’ October 2012 water bill — for a total savings of $24 for the average resident next year. The overall proposed budget is $91.5 million, a 6 percent decrease from last year’s $96.9 million budget. Potential projects for the budget year include $600,000 in improvements to lighting …

mike d

1:57 pm on Friday, March 30, 2012

How much less in property taxes would the residences of Romeoville have to pay if the village didn't spend $600,000 for some field that 99% of the people I know will never use? Thats the problem with government . You seem compelled to spend OUR money on things YOU think are inportant.   more ›

Tuesday, April 19, 2011

Public Hearing, Budget Vote Set for Wednesday

A hearing on the 2011-2012 budget will take place immediately following a village board workshop at 6 p.m.

Village of Romeoville trustees are scheduled to vote on an operating budget for 2011-2012 following a public hearing Wednesday night. The proposed $96.2 million overall budget represents a slight decrease from last year’s $98.2 million budget. At the March 23 budget presentation, Mayor John Noak said Romeoville homeowners will receive a property tax rebate in the form of a $20 credit on their water bills next fall. Paired with lower property tax assessments, that would translate to roughly $26 in savings for the average taxpayer. The current tax rate, set at $1.10 per $100 of equalized assessed valuation, will also likely be lowered, Noak said. Village Manager Steve Gulden said a public hearing will take place following Wednesday’s village…

Friday, March 25, 2011

Are Plans for a New Fire Station Up In Smoke for Good?

Village is weighing its options for replacing the aging Montrose Drive fire station.

In 2009, the village purchased a three-acre site on 135th Street with the intention of building a brand-new Fire Station 1. The building was to replace the outdated station at 18 Montrose Drive with a modern facility. But tough economic times put the project on hold. Now, the village is revisiting the issue. During Wednesday night’s budget meeting, Village Manager Steve Gulden said village staffers are exploring whether it’s feasible to go ahead with the new construction—a project that could take seven to 10 years—or refurbish the existing 30-year-old fire station. According to Gulden, an attorney for the village said the renovation could be funded with tax increment financing (TIF) district money under one condition. “We can’t do any …

Thursday, March 24, 2011

Spending Money to Save Money?

Gulden: New hires will help cut costs, generate revenue.

Village Manager Steve Gulden said several new staffers will help boost the village’s bottom line. During Wednesday night’s budget meeting, he presented a plan to hire several new village employees, including an emergency vehicle mechanic. With a salary of $103,600, the new employee would be a certified fire engine mechanic—a position Gulden said will save the village money in the long run and even generate revenue. “Right now, we spend about $125,000 (per year) sending our fire vehicles out for repair,” Gulden said. By bringing the work in house, the village could save money and earn revenue by offering repair service to other local fire departments, he added. The new mechanic would also repair public works vehicles. Gulden estimated the …

Budget Could Mean Slight Tax Drop

Village board members began talks for fiscal year 2011-12.

If you’re an average Romeoville homeowner, you're likely to pay a little less in taxes next year. Under the current budget proposal, most homeowners will see a slight drop—about $26—on the village portion of next year’s tax bills. The still-struggling economy means decreased property values, resulting in lower assessments and a $6 decrease for most local taxpayers. The village will also issue a $20 credit to Romeoville residents’ October water bill, a result of decreased village water and sewer costs. Mayor John Noak said the village won’t finalize the 2011-12 levy until next month, but it will be lower than the $1.10 tax rate approved this winter. “The levy will decrease from January,” he said. “The goal here is to add on to (the decrease…

Got a Hot Tip?