Village Budget Includes Min. $5 Increase in Tax Bill Per Year

Woodridge households will see an increase of at least $5 to their tax bill each year as part of a provision to the FY2013 budget.

The increase would only be on behalf of the village's portion of the tax bill. The village's annual tax levy also includes the levy for the . The $5 increase would not include any increases in taxes to support the library.

It's a switch from village policy as recently as 2009, when the village sought to reduce its tax rate for 25 consecutive years. The village

The village board split in a vote Dec. 8, 2011, to raise its tax levy $10 for the average Woodridge household. by voting in favor of the increase. 

At the time of the Dec. 8 vote, three trustees voiced a wish to cut the library's budget to prevent a tax increase. 

The village's portion of the tax bill was 4 percent of the property tax bill residents received in 2010. took the biggest chunk with 48 percent with received 21 percent of the tax bill. 

The village's current tax bill, not including taxes to support the Woodridge Public Library, is $238 for the average Woodridge household. 

Woodridge residents will also see an increase to their water bills, according to a village press release, due to "increased costs to maintain the water system and to purchase water."  The increase will be approximately $2.03 per month for the average customer. 

Village of Woodridge Sees Surplus, Not Anticipated Deficit, in FY2012

The village had projected it would have a deficit of $2.1 million by the end of 2012. Instead, the village will see a year-end surplus of $197,000. 

Officials attributed the $2.3 million swing to stronger than expected sales and income tax and higher real estate transfer transactions, as well as lower than expected expenditures.

Sales tax was $273,000 higher than expected. Income tax was $221,000 higher than expected and real estate transfer transactions were $107,000 higher than expected. 

Expenditures for the year were $393,000 lower than expected. 

Expenditures planned for FY13 are less than those planned for FY12 by $391,865. The reduced planned expenditures was a "valient effort" by the department, officials said. 

Expected revenue for FY13: $36,798,435

Charges for services: 21%, Sales Tax: 17%, Transfers: 16%, Intergovernmental Revenue: 14%, Property Taxes: 12%, Utility Tax: 9%, Other: 3%, Licenses and Permits: 3%, Other Taxes: 2%, Fines: 2%, Interest: 1%

Expected expenditures for FY13: $40,093,269

Personnel: 38%, Internal Services/Other: 16%, Services: 12%, Capital: 10%, Purchased Water: 8%, Debt Service: 8%, Street Improvements: 5%, Commodities: 3%

There are no increases to personnel or cuts to services planned for the next year.