Romeoville Village Board Passes 'Worst Case Scenario' Budget

The Romeoville Village Board passed its “worst case” scenario 2015-16 budget at its regular meeting on April 15.

The village’s total $91 million budget shows a one-percent decrease from 2014-15.

The budget was built “assuming that Governor Bruce Rauner is going to get his 50-percent income tax distribution cut,” Mayor John Noak told WJOL.

Homeowners will see the village’s portion of property taxes remain flat. While staying well under the inflation rate, the typical homeowner’s property tax bill will be slightly less than 2014-15 and significantly less than 2008, the village said in a news release.

The Village of Romeoville receives only 13 percent of a homeowner’s property tax bill, down from 15 percent in 2008. Village officials tout Romeoville’s expanded services with no new fees, charges or taxes to residents.

If a compromise is reached in Springfield, the cut in income tax distribution could end up significantly less than 50 percent Romeoville could have a really good year, Noak told WJOL.

“This new budget is a reflection of our commitment to ensuring that the residents receive the quality services they deserve,” Noak said in a written statement. “We will continue to be fiscally responsible as we enter this new budget year.”

Read the full story on WJOL.