Glenview trustees have handed a 2025 finances that features a 3.5% levy hike that isn’t anticipated to extend property taxes for native householders, per village officers.
The Village Board voted unanimously Dec. 3 to undertake a finances of $97 million with a $200,000 surplus for the approaching 12 months. The board additionally voted to extend the levy by $527,000, all of which, officers mentioned, will be attributed to new growth of property.
“The 2025 finances continues the village’s ongoing dedication to difficult the established order, evaluating alternatives for various service supply fashions and holding the road on price will increase,” co-Finance Administrators Iwona Posniak and Katie Iraci mentioned in a written report back to the board. “Present property taxpayers will see no improve within the village portion of their property tax invoice.”
Among the many “highlights” they shared within the finances are a $1 million improve in income from state gross sales tax, which displays a projection that gross sales will improve by 4%, in line with David Simply, a spokesperson for the village. That, per the finances, is predicted to generate $24.2 million in 2025.
On the expense aspect, the finances accounts for an improve in contractual bills, together with will increase of $985,000 in enterprise retention, $270,000 in tools upkeep, $235,000 in panorama providers and $207,000 in info know-how providers, Posniak and Iraci mentioned.
“These will increase have been partially offset by decreases in different skilled providers ($243,000), snow and ice upkeep ($198,000), and constructing and plan evaluation providers ($197,000),” they mentioned.
Village President Michael Jenny praised employees and the board for the months-long preparation of the finances.
“It’s an necessary position in village authorities to verify the general public finances, stability sheet and revenue assertion are correctly maintained and cared for,” Jenny mentioned. “We’ve to rigorously match bills with income in an inflationary setting, whereas correctly funding our first responders (and) our actuarial pension necessities, and preserving our village providers and infrastructure maintained.”
Different projected income will increase embody $234,000 from the house rule gross sales tax, anticipated to extend 2% to $11.7 million.
Though constructing allow income is predicted to be 60% decrease than projected for 2024, 2025 income is predicted to rebound by 43% above the 2024 projections, Posniak and Iraci mentioned.
“Along with the core tasks related to residential and business reworking, the 2025 finances consists of the adjusted challenge timelines for giant one-time tasks or redevelopments that are actually anticipated to be constructed in 2025,” they mentioned.
Amongst these are a number of massive one-time tasks or redevelopments, similar to new buildings within the Dermody Logistics Campus.
Amongst bills which are projected to extend, Posniak and Iraci mentioned, are:
- $624,000 in personnel prices, due primarily to advantage and contractual will increase, in addition to new and restructured positions
- $525,000 in “different fees,” together with will increase in police and hearth pension prices
These will increase are partially offset by a $106,000 lower in threat administration mounted fees and a $94,000 decline normally legal responsibility insurance coverage prices, they mentioned.
One resident, William Seitz, addressed the board in the course of the public listening to earlier than the vote on the finances.
Seitz mentioned the village’s everlasting fund and capital enchancment fund needs to be included within the annual finances.
“Perhaps employees can do a greater job of reporting it,” he mentioned.
The capital enchancment finances totaled $39.5 million, Posniak and Iraci mentioned.
