Washington Daily Press
Washington Local News, Breaking News, Sports & Business.

Arlington Heights trustees approve $205M finances, maintain property … – Chicago Tribune

Arlington Heights village trustees handed a $205 million finances earlier this month, together with a tax levy that marks the fourth consecutive 12 months of no improve within the quantity the village asks of taxpayers.

The fiscal 12 months 2023 finances features a 2.8% improve, or $5.6 million, in spending versus the present 12 months’s finances. Regardless of that improve in expenditures, the village was capable of preserve its present tax levy, village officers stated, because of a 27% improve in gross sales and residential rule gross sales tax income and a 35% improve in earnings tax receipts over the 2022 finances — along with pension fund curiosity earnings.

The Village Board accepted the village’s and the Arlington Heights Memorial Library’s $18 million finances on the Dec. 5 assembly on a vote of 9-0 after a public listening to.

The village’s fiscal 12 months runs Jan. 1 by Dec. 31.

“Regardless of the volatility of the inventory market, the nationwide financial system, rising prices and provide chain points, this would be the fourth 12 months the place there can be no improve within the village’s property tax levy,” Village Supervisor Randy Recklaus informed the board.

Within the FY23 spending plan, the village budgeted $5.6 million within the capital tasks fund to proceed resurfacing and rehabilitation of deteriorated streets and curbs within the village, $2.76 million for the Wilke Street resurfacing and extension of the multi-use path on the east facet of Wilke Street from Algonquin Street to Sundown Meadows.

A further $4.1 million within the water and sewer fund will proceed the village’s substitute of getting old water essential infrastructure all through the village. The finances additionally contains plans for storm sewer enhancements on Evergreen and Maude avenues, $500,000 in storm sewer rehabilitation/substitute program in addition to $300,000 in yard drainage enhancements, in keeping with the finances doc.

On the finish of 2023, the village is projecting a common fund reserve stability of $46 million, or 54% of common fund expenditures.

Resident Martin Bauer spoke throughout the public listening to, stating his considerations about property taxes, notably when he in contrast his 2021 tax invoice together with his 2001 tax invoice.

“Value of dwelling has gone up 60% and by comparability, my property tax has gone up 91%,” Bauer stated, including the village’s portion of his tax invoice went from $505 in 2001 to $1,446 in 2021, which he stated, “highlights the continued must be cautious.”

Mayor Tom Hayes stated the board has demonstrated with the fourth 12 months of a 0% tax levy improve that the village may be very fiscally accountable and spends taxpayers’ {dollars} very correctly.

Trustee Jim Bertucci emphasised that the village’s portion of a residential tax invoice is 12%, whereas space faculty districts comprise 67% of property tax payments and sometimes the biggest will increase.

State mandates for will increase in police and hearth personnel advantages, in addition to hearth pension advantages, Trustee John Scaletta stated, had been the the explanation why there was a 12% improve in 2006 and a 15% improve in 2007.

Trustee Robin LaBedz stated it’s vital to acknowledge what village property taxes pay for.

“We get terrific police, hearth, public works and different assist that makes Arlington Heights one of the best of one of the best,” LaBedz stated. “We are able to’t simply speak about property taxes, we get these providers and I feel we’ve got rather a lot to be happy with.”

Resident Keith Moens recommended the board.

“I wish to acknowledge the board of trustees and the employees’s effort for bringing a fourth straight 12 months of a 0% tax levy improve,” Moens stated. “That may be a large deal particularly for these households beneath median earnings line.

“Not solely is the 0% improve one of the best store native program, it’s one of the best advertising program for Arlington Heights as effectively and attracts companies and residents to return right here as a result of we will say we’ve got our monetary home so as,” Moens stated. “Please don’t jeopardize our zeros going ahead right here by giving cash to the loser Bears, they don’t want our piggy financial institution for any subsidies.”

The Chicago Bears soccer group signed a purchase order settlement for Arlington Worldwide Racecourse in Arlington Heights in September. The sale has not but been finalized. A brand new stadium and multi-use improvement have been proposed for the positioning.

The finances additionally included a improve within the village supervisor’s wage. The Village Board accepted a 7% wage bump for Recklaus, who will now be paid $263,272.

“On Nov. 21, we completely mentioned his efficiency over the past 12 months, and in recognition of his excellent efficiency of responsibility, notably the final 12 months and over the course of eight years as village supervisor, the Village Board determined unanimously, and voted, to extend his compensation by elevating his base wage by 7%,” the mayor stated. “His monetary administration, budgetary administration, his administration of the COVID-19 pandemic for our village employees, and management of the village and his management by way of the Arlington Park redevelopment has been crucial.”

Elizabeth Owens-Schiele is a freelancer.

Comments are closed.