Village of Fontana budget
Highlights: Village Administrator Kelly Hayden said the budget includes several capital improvements, such as:
-- A new snow plow truck
-- A new police squad car
-- Mudjacking and flooring replacement at the police department
-- Construction of a storage shed for sand and salt
-- Reconstruction and utility improvements on Sauganash and Shabbona drives
Hayden said the "bare-boned" capital improvement expenditures total $748,290, for which the village plans to borrow $402,000.
She also said the significant decrease in the tax rate is attributed to the results of a recent revaluation. The village's assessed value increased 41 percent, she said.
What's next?: The Fontana Village Board approved the budget Monday after a public hearing.
Total budget
Next year: $4.9 million
This year: $4.8 million
Increase/Decrease: 2.2%
Tax levy
Next year: $2.7 million
This year: $2.6 million
Increase/Decrease: 4%
Tax rate
(Per $1,000 of assessed valuation)
Next year: $2.08
This year: $2.82
Decrease: 26.2%
Note: Percent changes calculated on whole numbers.
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