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The original item was published from 11/18/2022 9:47:00 AM to 12/1/2022 12:00:06 AM.

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Posted on: November 18, 2022

[ARCHIVED] 2023 Proposed Budget Highlights


The proposed budget includes a 4.04% tax levy increase, or $479,615. With the closing of Tax Increment District (TID) 1, the Village will see a 4.2% increase, or an additional $70 million to the tax base. Due to this, homeowners should generally not see an increase to the Village’s portion on their tax bill. 

Here are some key highlights included in the FY 2023 budget: 

  • Additional $98,550 to debt service payments covering prior year improvements and public projects (e.g. road construction)
  • Staff costs increased $150,000 (2.5%)
  • North Shore Fire Department costs increased $65,000
  • Garbage and Recycling had an increase in contractual costs to Waste Management of $57,755 (10%)
  • Streetlight and Repair electrician services increased $55,000
  • Village Board approved increase to IT support services in the amount of $58,000

The FY 2023 proposed budget can be found on the Village’s website by clicking here

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