Village Of Romeoville Passes New Budget, Tax Rate Reduced

ROMEOVILLE, IL — The Village of Romeoville passed a budget Wednesday that includes a reduced the tax rate for the 2018-19 budget year, board members said. The budget is nearly $103 million, a $6.8 million decrease from last year, according to the village. The budget includes a property tax rate decrease and no additional taxes or fees, the board said.

"The Village continues to provide a healthy fund balance, which has contributed to Village’s strong bond rating," the board stated in a media release. "The general fund, for the current fiscal year ending April 30th, is estimated to produce over $1 million in surplus."

The general fund is estimated to have a year-end fund balance of $25.3 million, which is a 130 percent increase from 2008, Mayor John Noak said.

“Our department managers have put together another solid budget that keeps Romeoville moving ahead while being fiscally responsible,” Noak said in the media release.

The newly-passed budget includes the construction of a new bike path and around $12 million in capital projects, the village said.

Some of the capital projects listed within the budget include new decorative lighting, a new well, renovations to Budler Park, and street resurfacing for 25 different streets, the village said.

Romeoville operates on a May 1-April 30th budget year. The new budget will be effective May 1, the village said.

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