First Schaumburg budget of Dailly era nears

  • Schaumburg Mayor-elect Tom Dailly, right, talks with outgoing Mayor Al Larson as they watched election results last week. The village board will review the first budget of the Dailly era Tuesday night, and is expected to pass it by the end of the month.

      Schaumburg Mayor-elect Tom Dailly, right, talks with outgoing Mayor Al Larson as they watched election results last week. The village board will review the first budget of the Dailly era Tuesday night, and is expected to pass it by the end of the month. Mark Welsh | Staff Photographer

  • Included in the village of Schaumburg's proposed $255 million annual budget for 2019-20 is a Meacham Road corridor study of how better to connect the proposed entertainment district shown here on the east side of the road with the Veridian development on the former Motorola Solutions campus to the west.

    Included in the village of Schaumburg's proposed $255 million annual budget for 2019-20 is a Meacham Road corridor study of how better to connect the proposed entertainment district shown here on the east side of the road with the Veridian development on the former Motorola Solutions campus to the west. Courtesy of village of Schaumburg, 2018

 
 
Posted4/10/2019 11:42 AM

Schaumburg's first budget under Mayor-elect Tom Dailly -- and the last to receive input from retiring Mayor Al Larson -- will be reviewed by the village board during its committee-of-the-whole meeting Tuesday.

Both revenues and costs in the proposed budget are balanced at $255 million each, but the general fund for basic government services will have a $1.5 million surplus after transfers out to garbage pickup and recycling services, capital improvement projects and transportation programs, officials said.

 

Among the priorities in the proposed budget are street reconstruction, redevelopment near Algonquin Road and operational improvements.

One influence on the budget was the lowering of the village's property tax levy by 1 percent in December. The village's portion of property tax makes up just over 6 percent of a resident's tax bill.

The budget includes $8 million for nearly 29 miles of local street improvements. The village also is seeking Surface Transportation Program (STP) funding and other grants to assist in funding $26.3 million for improvements to 3.3 miles of major roadways, which will make the village's share $9.6 million.

Amid the redevelopment projects already under way between Algonquin Road and I-90 tollway, the village is moving forward with a Meacham Road corridor study to link the proposed entertainment district on the east side with the new Veridian development on the west side to improve accessibility for both pedestrians and motorists.

To view the proposed budget, visit the village of Schaumburg website at bit.ly/2cZqm0p.

The board meets at 6:30 p.m. Tuesday, April 16, in conference rooms A and B of the Al Larson Prairie Center for the Arts, 201 Schaumburg Court. A finalized version of the budget is expected to be approved by the village board on Tuesday, April 23, and take effect May 1.

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