Community Corner
Village Of Lisle Approves 2020-2021 Budget
The budget was approved at an April 20 village board meeting.
Posted on: April 21, 2020
On Monday, April 20, 2020, the Lisle Village Board approved its upcoming Fiscal Year 2020-2021 Budget. The budget includes investments in the Village’s street, stormwater, sewer and water infrastructure along with no increase to the Village’s property tax levy. A total of $33,916,363 in revenues and $35,172,543 in expenditures are included in the budget that includes adjustments made due to the COVID-19 public health pandemic.
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Budget expenses were prioritized in a manner that seeks to derive the greatest value for Lisle residents, establishes sustainable financing that represents prudent financial planning, fosters increased productivity and innovation, and enables continuing adaptation to changing community needs. The budget includes $1.6 million to be invested in Village streets and infrastructure, $845,000 in water and sewer systems, and $260,000 in stormwater improvement projects to improve stormwater management. It also includes repayment of a $6 million inter-fund transfer that will save approximately $616,000 in interest costs.
“I am particularly thankful to my fellow elected officials and our Village staff for working collaboratively to develop a budget that continues to provide vital services to Lisle residents, maintains critical infrastructure, and is forward-looking in providing support to the community into the future,” said Mayor Christopher Pecak. “Through strategic investments, wise and judicious use of tax payer revenue, the critical needs of the Village will be funded without an increase to the Village’s portion of the property tax levy.”
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Village Manager Eric Ertmoed added, “Staff has acted quickly in reassessing and responding to the impacts of the COVID-19 public health pandemic and has done an excellent job of developing a budget that continues to provide exceptional service to Lisle residents, invests in Village infrastructure, safeguards taxpayer revenues, and is ever-mindful of tax burdens – all while responding to unprecedented impacts represented by the pandemic. I am extremely grateful for the partnership between the Village Board and staff in coming together to deliver on this budget for the Lisle community.”
This press release was produced by the Village of Lisle. The views expressed here are the author’s own.
