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Village Budget Demonstrates Fiscal Responsibility and Stable Property Taxes

December 6, 2017 03:28 PM

On Tuesday, December 5, the 2018 Annual Budget was approved by the Winnetka Village Council.  The 2018 Budget is balanced; and operating expenditures are fully funded by operating revenues.   Property taxes will remain level for the fourth year in a row.  Overall, Village finances are stable with adequate rainy day funds that meet or exceed policy requirements. 

The Annual Budget holds the line on property taxes paid to the Village.  The Village has consistently held its property tax levy significantly under what is allowable under the State’s Property Tax Extension Limitation Law (Tax Cap).  As a Home Rule community, the Village is not subject to State Tax Cap laws; however, it has maintained the practice of levying property taxes at or below Tax Caps. 

Village residents will see slight increases in their water, electric and sanitary sewer bills next year, and an increase in residential refuse collection fees from $10/month to $25/month - to help finance the cost of infrastructure improvements in these areas.  Vehicle license fees and most other fees and taxes remain unchanged. 

To see the 2018 Budget, click here.


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