The Will County Board approved a $624 million budget for fiscal 2020 at its meeting Thursday.
For the fifth year in a row, the board voted to lower the tax rate, according to a news release. Besides including no new taxes, the budget also is balanced.
“I’m proud of the hard work that everyone at the county has done to put this budget together,” Kenneth Harris, D-Bolingbrook, who helms the Finance Committee, said in the release. “Our budget for fiscal year 2020 meets all of our debt obligations, includes a five-year road and capital plan, and includes $108 million in funding to complete the new courthouse and a new state of the art health department.”
Will County continues to maintain its AA+ bond rating. Rating agencies such as Moody’s and Standard & Poor’s continue to recognize the county for its diverse tax base, stable financial performance and strong reserves and liquidity, according to the release.
Will County Board Speaker Denise Winfrey, D-Joliet, lauded the debate and bipartisan effort that went into producing the county’s budget.
“We continue to provide vital services to our residents while planning for the future growth of Will County,” Winfrey said in the release. “I’m grateful to my colleagues on both sides of the aisle for thoroughly debating this budget and being sensitive to the needs of the county while always putting the taxpayer first.”
Still, Minority Leader Mike Fricilone, R-Homer Glen, said that his caucus would have liked to see the tax rate lowered even more than it was.
“Will County had the opportunity to lower the burden on our taxpayers and still provide the highest level of services,” he said in the release. “We owe it to our constituents to keep their taxes as low as possible.”