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The original item was published from 12/10/2021 10:56:34 AM to 12/10/2021 10:59:02 AM.

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Posted on: December 10, 2021

[ARCHIVED] Lake Zurich Adopts Balanced 2022 Budget with Focus on Local Infrastructure Investments


Lake Zurich Adopts Balanced 2022 Budget with Focus on Local Infrastructure Investments

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:

  • $2.2 million in road resurfacing and sidewalk improvements for the Braemar neighborhood and Concord Village.

  • $100,000 to accelerate the parkway tree replacement program to over 400 trees a year.

  • $756,000 for amenity and park open space improvements at Paulus, Staples, and Sonoma parks.

  • $600,000 for parking lot and walking path resurfacing at Village Hall, Buffalo Creek, and Breezewald Park. 

  • $1.69 million for infrastructure improvements along South Old Rand Road, including water and sewer mains, road resurfacing, and streetscaping. An additional $150,000 for parking improvements on North Old Rand Road is also budgeted.

  • $35,000 for Buffalo Creek streambank stabilization.

  • $1.25 million in water main replacements along Route 12 and in Flint Creek Estates.

  • $2.5 million for a Buffalo Creek sewer lining project.

  • $136,000 for the replacement of two lift station pumps.

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.

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