15 Sep 2014
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Grayslake Budget Continues To Control Costs

The Village of Grayslake remains in a very stable financial condition with zero debt.

Grayslake Budget Continues To Control Costs

The Grayslake Village Board maintained its solid position with another balanced budget for Fiscal Year 2012/2013. They voted to approved the budget during their last meeting April 17 for operating and capital budgets. The new fiscal year begins May 1, 2012.  

Total operating expenses for the new fiscal year are up just 1.25 percent from last year.

“The FY 12/13 Village budget continues cost containment measures used for a number of years," said Mayor Rhett Taylor in a statement. "Despite the national economic situation, the Village remains in a stable financial condition. Our lower spending limits the need for the Village to increase taxes and fees on residents and businesses."

Highlights from the Operating Budget include: 

  • Debt service payment costs - $0. The village has no debt.
  • Containing costs so that overall operating costs increasing by only 1.25 percent. 
  • Eliminating a full-time position, to bring the level of full-time nonofficer/sergeant staffing reductions up to 41 percent since 2003. 
  • Continued reduced employee benefits. 
  • Continued reduced contracted services. 
  • Maintains current service levels. 
  • Continues the Village’s privatization program. 
  • Contract and outsourcing costs equal 42 percent of operating costs.
  • Full-time non-officer/sergeant annual salaries remain lower than in 2003. 
  • Garbage and recycling fees frozen for the third consecutive year.
  • Water and Sewer Fees increased by $2 per month for the typical household bill increase, due to fee adjustments including outside agency rate increases (water – JAWA/sewer – Lake County).

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