Village of Lisle approves 2018-2019 budget
On Monday, March 19, the Lisle Village Board approved the fiscal year 2018-2019 budget that begins on May 1, 2018. The balanced budget calls for significant investments in capital infrastructure improvements, with no increase to the village's portion of property tax.
The budget includes $1.5 million to be invested in village roads, $1.3 million in stormwater management projects to address flooding issues, and $1.5 million for water and sewer projects. The village's future police pension obligations also will be reduced by contributions that are above the recommended actuarial amounts.
"I'd like to thank the village board for working together collaboratively, and for their diligence in helping to shape this budget," said Mayor Chris Pecak. "Critical needs of the village will be funded, without an increase to the village's portion of the property tax levy. I commend our staff's performance in delivering a budget that has met the board's goals."
Village Manager Eric Ertmoed added, "Staff was able to reduce operating budgets and comprehensively reorganize several village functions to achieve a balanced budget. I'm very thankful for the partnership of the village board and staff in arriving at a budget that addresses the village's needs, maintains and/or improves services, and ensures we remain fiscally responsible."