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The Lombard Village Board recently took final steps to implement the Long Range Plan by approving ordinances that include a Places for Eating Tax Increase and the phase out of the Village Taxi Subsidy program.
The plan addresses the rising costs of non-discretionary (required) expenses and provides Lombard with a balanced budget through 2017.
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. At a meeting on August 18, the Village Board approved proposed ordinances implements the Long Range Plan, to increase the Places for Eating Tax by 1% and the phase out the Village Taxi Subsidy Program through 2017.
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 www.villageoflombard.org/LRP for more information including a presentation of the Long Range Plan. Please contact Village Finance Director Tim Sexton at email@example.com or (630)620-5902 with any questions.