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Date:
December 17, 2018
Time:
7:00 PM
Address:
70 E Main St
Village Hall - Board Room

Lake Zurich, IL 60047
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Public Hearing on Tentative Annual Budget

Monday, December 17, 2018

As noticed in the Daily Herald on November 28, 2018 and on the Village website, this is a public hearing for the tentative annual budget for the Village of Lake Zurich’s 2019 fiscal year. The 2019 fiscal year will run January 1, 2019 through December 31, 2019. The proposed budget totals $55 million to fund a full-service municipality with 156 full-time employees at Police and Fire, Public Works, Community Development, Parks and Recreation, Finance, and Administration. The proposed 2019 budget shows a projected operations surplus of $10,000 for the General Fund. General Fund expenditures remained fairly stable, with 2019 expenditures showing a 2% decrease over the current fiscal year. Improvements within the economy have enabled Sales Tax and Income Tax to both increase beyond expectations.