2020 Proposed Village Budget

Village's 2020 Proposed Budget, Meetings Held November 12 & 14
Posted on 10/29/2019
Financial graphs

The Village’s proposed 2020 Budget reflects a 0% property tax levy increase, which meets a Strategic Priority of the Village Board to keep any proposed property tax increase as low as possible. The $177.2 million budget includes a decrease of 9.7%, or $19 million, over last year’s total expenditures for all of the Village’s operating, capital and other funds. The Village’s fiscal year runs from January 1, 2020 through December 31, 2020.

The 0% increase in the property tax levy and reduction in expenditures are due to a variety of factors, including:

  • The reinvestment of an unexpected 2018 budget surplus amounting to $1.5 million in each of the Village’s Police and Fire Pension Funds, reducing the need to increase the 2020 levy;

  • The refinancing of bonds which dropped interest rates from 4% to 1.35%;

  • A $217,000 reduction in 911 Dispatch expenses due to the reallocation of funding from the State of Illinois;

  • Enhanced Vehicle Sticker Enforcement Program, which netted an additional $200,000 in annual revenue; and

  • Targeted reductions in expenditures made in operational areas over the past two years. 

The proposed 2020 plan contemplates continued investment in the Village’s Stormwater System including the Greenbrier / Roanoke / Wilke Area ($3,100,000), the Burr Oak / Burning Tree Area ($1,637,000), and the Hintz Rd west of Arlington Heights Rd Area ($648,000). The Village will also be continuing with the ongoing Backyard Drainage Improvements project and the Storm Sewer Rehabilitation/Replacement Program ($500,000 each).

The Budget also continues to focus on maintaining our roads and water systems with funding included for various capital projects including:

  • Street Program ($6,157,200 – Capital Projects Fund) – This is an ongoing program to resurface or rehabilitate existing deteriorated street pavement and curbs.

  • Watermain Replacement Program ($4,500,000 – Water & Sewer Fund) – This is an ongoing project to replacement aging watermain infrastructure. The proposed $4,500,000 annual expenditure is enough to replace an industry standard of 1% of the Village’s overall watermains.

  • Street Rehabilitation Program ($2,400,000 – MFT Fund) – This is an ongoing street rehabilitation program consisting of the reconstruction of significantly deteriorated street pavement, curbs, and concrete panels. This is $600,000 higher than prior year budgets due to the State’s gas tax increase which was part of the new state capital plan.

Ask Questions About Proposed Budget

We invite residents to review our proposed 2020 Budget, which represents the Village’s plan for allocating its resources. Anyone who would like to ask questions regarding the proposed budget, please email budget@vah.com no later than November 5. Answers to all questions received by the deadline of November 5 will be posted on the Home Page of our website, under "Trending" on Friday, November 8.

The Village Board’s review of the proposed 2020 Budget will begin Tuesday, November 12 at 7 p.m. in the Board Room located on the third floor of Village Hall, 33 S. Arlington Heights Road. A second meeting will be held on Thursday, November 14 at 7 p.m. and if needed, a third meeting will be held on Tuesday, November 19. All meetings will be held at 7 p.m. in the Board Room.

Click here to review Budget Variances by Department (a document listing and explaining budget variances by Department for the proposed 2020 Budget.)