2022 Village Budget, Tax Levy Meeting Set For Monday

Deerfield IL

12 November, 2021

4:24 PM

Description

DEERFIELD, IL — A public hearing on the property tax levy will be held at the Monday, Nov. 15, Deerfield Village Board meeting. The budget ordinance, fee resolution and 2022 wage and salary ordinance will all be up for final consideration. The fees for liquor licenses for restaurants and hotels have been waived for a second year due to the ongoing COVID-19 pandemic and its impact on these businesses, according to the Village. The total expenditure budget for fiscal year 2022 is $53,544,694, which represents a 4.27 percent increase from last year's budget. This year's expenditure increase is primarily due to increased capital project funding. As part of this year's budget planning process, the Village Board established a two-year capital plan that would total approximately $19.5 million over 2022 and 2023, depending on federal grant dollars received, according to the Village. That includes a $7 million bond issuance and $7,385,000 of expenses from the 2022 Infrastructure Replacement Fund. The operating component of the budget is $31.96 million, which is a 2.77 percent increase from the prior year. The increase in the operating component is due primarily to contractual increases in personnel services, and other contractual services and commodities, according to the Village Owners of a $500,000 home will see an increase of $20 from the Village's portion of the property tax bill. Click here to learn more about the budget, tax levy and how to participate in the meeting. Stay Patched In! Get Patch real-time email alerts for the latest Deerfield newsCheck out the Events Calendar for what's going on in DeerfieldPatch Mobile: Get app for iPhone and Android