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Posted on: March 24, 2021

2021/22 Draft Budget & Public Hearing

BudgetGraph2021

The 2021-22 Vernon Hills Village Draft Budget is in the review stage, with a final budget expected to be approved before the beginning of the new fiscal year on May 1. As currently presented, the budget anticipates $25,556,021 in income (a conservative increase of 1.46 percent over the previous year) and outlines $26,580,726 in expenses (a reduction of 6.67 percent from the previous year's budget). Most proposed sub budgets for each department show a decrease over the current fiscal year, with line-item increases primarily due to consolidated expenses and shifted responsibility. View the 2021/2022 Proposed Budget on the Village's Financial Documents webpage.

Trustees reviewed the bulk of the draft budget during the March 2 Committee of the Whole Meeting. The Golf Course budget was presented during the March 16 meeting. Trustees reviewed a key budget component – the 5-Year Capital Improvement Plan (CIP) – earlier in the year during the January 5 Board Meeting.

Public Hearing – Wednesday, April 7

Resident feedback is requested, with a formal Public Hearing planned for 6:55 p.m. on Wednesday, April 7, immediately before the Village Board Meeting. (Please note that the Board Meeting is being held on Wednesday to accommodate the Tuesday Election.) Comments and questions may also be submitted to Chief Financial Officer Kyle Cratty via email to KyleCr@vhills.org. For more information, view the resource list below:

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