Frum: Northbrook Continues to be "Financially Strong"

The village of Northbrook is in good financial shape, Sandy Frum told members of the Northbrook Chamber of Commerce at the start of her “State of the Village” address at Marcello’s North on Wednesday.

“Northbrook is in very good shape,” said Frum, noting that $15.5 million worth of bonds have been refinanced and the village continues its Triple-A bond rating. “We are financially strong and do not need to rely on one segment. We are comfortable with our pension payments and have more than enough money for salt, snow removal and beach use.”

Economic issues are rarely of particular concern in Northbrook, with “property values and houses up and the number of building permits issues up as well and the values way up.”

“This is a continuing indication of why Northbrook is so good in this category,” Frum said.

During the State of the Village, Frum pointed to a deal made with neighboring Glenview a couple years back in which Northbrook allowed the area known as Glenpointe Development at Willow and Sanders roads to be located in Glenview.

“We receive about $13 million in annexation fees from Glenview and 30 percent of taxes that come out of the site,” Frum said. “That’s about $300,000 a year and we don’t have to give them anything. Please, give me 10 of those deals.”