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Date:
December 2, 2019
Time:
7:00 PM - 7:15 PM
Address:
Village Hall
70 E Main St

Lake Zurich, IL 60047
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Public Hearing on Tentative Annual Budget

Monday, December 2, 2019

As noticed in the Daily Herald on November 21, 2019 and on the Village website, this is a public hearing for the tentative annual budget for the Village of Lake Zurich’s 2020 fiscal year, which will run January 1, 2020 through December 31, 2020. The proposed budget totals $54.2 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. Despite rising market costs for commodities and services, personnel adjustments required by collective bargaining agreements, and funding for capital investment, the proposed 2020 budget represents a 1.3% decrease in expenditures compared to the 2019 budget. The proposed 2020 budget shows a projected operations surplus of approximately $13,000 for the General Fund.