Village Of Lake Zurich: Lake Zurich Adopts Balanced 2022 Budget With Focus On Local Infrastructure Investments

Lake Zurich IL

10 December, 2021

1:47 PM

Description

Press release from the Village of Lake Zurich: December 10, 2021 The Lake Zurich Village Board approved a balanced fiscal year 2022 budget with a small $11,000 operating surplus for the General Fund at its December 6 meeting. The $59.9 millions budget reflects the recovery of revenues back to pre-pandemic levels and the Village's approach to adopting a fiscally responsible budget that maintains Lake Zurich's top-rated AAA bond rating status. The 2022 budget totals $59.9 million to fund a full-service municipality with 157 full-time employees at Police and Fire, Public Works, Community Development, Parks and Recreation, Finance, and Administration. With an eye on sustaining progress towards strategic goals, nearly $11 million in Village infrastructure, municipal buildings, land improvements, and capital equipment is budgeted for 2022. Nearly $11 Million Planned for Lake Zurich Infrastructure Improvements  The 2022 Lake Zurich budget plans on advancing several important capital projects identified in the 20-year Community Investment Plan.  Some highlights in the 2022 budget include: The Village of Lake Zurich budget is representative of careful consideration of the current economic environment, community requests, balancing of department needs, limited resources, and a commitment for quality services. Additional Info... This press release was produced by the Village of Lake Zurich. The views expressed here are the author's own.