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Posted on: November 18, 2016

Proposed 2017 Budget Calls for No Increase in Property Tax, Eliminates Water Utility Tax

For the third consecutive year, and fourth time in the last five years, the Village of Woodridge is considering a budget that does not raise property taxes. The budget instead proposes using other revenue sources to support the wide variety of services that the Village provides. The Village of Woodridge Mayor and Board of Trustees will consider approval of the budget on December 1, 2016.

The budget calls for a $8.2 million investment in the Village’s infrastructure which will help ensure that Woodridge roadways, sidewalks, stormwater and sewer systems are well maintained. Some of the highlights of the capital investments that will be made include $2,803,000 in roadway improvements, $600,000 to repaint the water tower at Woodridge Drive near Hobson, $400,000 for storm sewer lining, $350,000 for the stabilization of streambanks, and $165,000 for valve, hydrant and water system improvements.

Additional cost savings for residents include the elimination of the Water Utility Tax in 2017. Elimination of this tax will reduce the cost of water and sewer services to residents and businesses.

The budget also addresses the Village’s Strategic Management Goals of financial stability, intergovernmental collaboration, providing a safe and desirable residential community, sustaining a strong business environment, well-maintained Infrastructure, service delivery innovation, and supporting an engaged, diverse community. Strategic management goals are developed annually to help guide the budgeting process.

Overall, the Village’s proposed 2017 budget sustains core programs, controls expenses, and supports opportunities to leverage local funds in pursuing cost saving measures such as intergovernmental collaborations and obtaining grant funds. These pursuits continue the Village’s longstanding efforts to provide residents with a high quality of life by providing superior services in a fiscally responsible manner.

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