We did it! Another year of successfully meeting the challenges in our mutual quest to make Lake Zurich better.
Each year gives us a new challenge, but we remain committed to financial sustainability and maintaining a solid local government position. Lake Zurich maintains a long-term perspective on economic development and managing public finances.
The Village ended 2022 in a solid financial position, with a budget surplus and $1.8 million set aside for larger infrastructure projects in 2023. This past year the Village invested $1.9 million in road resurfacing in June Terrace and the Braemar neighborhood plus $3.4 million in water main replacements and lining sanitary sewers.
While maintaining a balanced budget each year, the Village continues to maintain its top-notch status AAA bond rating, while investing in aging underground infrastructure and public safety pensions.
Lake Zurich is starting 2023 on solid footing as we keep working together to create a better community for us all to call home.
Browse through the 2023 State of the Village Strategic Update below.