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In an effort to be proactive, the Village of Lombard developed a Long Range Plan, with strategies to address the rising costs of non-discretionary (required) expenses.
The Long Range Budget Plan focuses on fiscal responsibility, prudent planning, and the implementation of resident recommendations via Village Committees. On June 16, 2016, the Village Board approved a resolution to formally accept the Long Range Plan as presented on April 25, 2016 at the Joint Village Board and Finance and Administration Committee Workshop.
The challenges faced by the Village are associated with maintaining excellent core service levels to residents and business owners, while expenses continue to increase faster than revenues, due to State mandates beyond the Village’s control. The strategy approved in the Long Range Plan commits the Village to matching dollar for dollar (50/50) revenue increases and expenditure reductions, in order to maintain a balanced General Fund operating budget.
Visit villageoflombard.org/LRP for more information including an FAQ and powerpoint presentation. Please contact Village Finance Director Tim Sexton at email@example.com or (630)620-5902 with any questions.