Woodridge board passes 2016 budget that contains no property tax hike
Woodridge Mayor William Murphy and the Board of Trustees recently met to discuss and approve the 2016 budget.
The final budget totals $47,074,708 and does not increase the village’s portion of the property tax. The budget also allocates funds for infrastructure projects to maintain or upgrade the village’s roads and water system.
The budget also caters to several strategic goals, including intergovernmental collaboration to lower residential property taxes, the development of a community-wide marketing slogan, encouraging land and business owners to reinvest in the village, and expanding an economic development program that's already in place to attract new businesses.
Other stated goals include the establishment of a local business advocacy group, a youth commission, identifying sustainable sources of revenue to fund village functions, and continuing to assess the growing needs of the village’s Public Works and Police Departments.
Planned water-system improvements include replacing valves and hydrants and repainting a water tower.
Prior to the budget's passage, officials announced the need to increase water and sewer rates to meet the rising costs of maintaining and improving water-system infrastructure. New rates will go into effect January 1, and the average expected impact for each residential customer is $25 per year, depending on monthly water usage. In addition, to offset the increased cost of road maintenance, a Motor Fuel Tax increase of 1.5 cents per gallon of gas sold also was approved.
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