Politics & Government
Public Hearing On Niles $90.1 Million Budget Tonight
At 6:30 p.m., the Niles board of trustees will hear the public's comments on its proposed $90.1 million budget for fiscal 2014. The board will vote on adopting the budget at its May meeting.
If you have a comment or question on the village of Niles proposed budget for fiscal 2014, which runs from May 1, 2013 to April 30, 2014, the village is holding a public hearing at 6:30 p.m. Tuesday, April 23.
Earlier: Niles settles on balanced budget
Find out what's happening in Niles-Morton Grovefor free with the latest updates from Patch.
Some highlights of the budget are:
- The total budgeted expenses are $90,125,887.
- The village has drawn on some reserves.
- Employee salaries and benefits make up 49 percent of the expenses.
- The budget includes $12.5 million in capital projects, though other projects and expenses were postponed or denied.
- The General Fund expenses are $43.4 million and make up 48 percent of the budget.
- The General Fund will spend about $1 million more than it takes in, using reserves to balance the fund, according to TribLocal.
- Sales tax is the largest source of revenue for the General Fund and provides 58% of revenue for the fund.
See the budget by clicking here.
Find out what's happening in Niles-Morton Grovefor free with the latest updates from Patch.
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