ROMEOVILLE – The Romeoville Village Board passed a balanced budget and decreased the property tax rate, among other items, during its regular meeting Wednesday night.
Mayor John Noak made no comment in his first board meeting since being arrested for driving under the influence April 12, other than to say his lawyers advised him to refrain from discussing the matter.
Besides public comment, which garnered both support and criticism of Noak, the meeting proceeded as normal.
The board passed a nearly $103 million fiscal 2018 to 2019 budget – a $6.8 million decrease from last year, according to a news release from the village.
“Our department managers have put together another solid budget that keeps Romeoville moving ahead, while being fiscally responsible,” Noak said.
Romeoville operates on a May 1 to
April 30 budget year, and the new budget will be effective May 1.
The village possesses a solid fund balance, which has contributed to its strong bond rating, the release stated. The general fund, for the current fiscal year ending April 30, is estimated to produce more than
$1 million in surplus.
The general fund is estimated to have a year end fund balance of $25.3 million, which is a 130 percent increase from 2008, according to the release.
The budget includes a property tax rate decrease, no additional taxes or fees, construction of a new bike path and about $12 million in capital projects.
Some of the capital projects listed within the budget include new decorative lighting, a new well, renovations to Budler Park and street resurfacing for 25 streets.