DuPage County residents recently received their 2009 Property Tax Bill. With tax rates and amounts listed for several taxing bodies, it is important to note that only about 10% of the total tax bill is for services provided by the Village of Downers Grove.
Deputy Village Manager Mike Baker narrates the 2009 Property Tax Bill video from the May 4, 2010 Village Council Meeting.
The Tax Bill Presentation 5-4-2010 is a slide/text version of the tax bill and services provided.
Between May and September 2009, the Long Range Financial Plan (LRFP) was prepared and served as a key component of the budget process. The LRFP recommended expense reductions, strategic use of reserves and revenue enhancements.
Expense reductions play a significant role in the LRFP strategies. In fact, 2010 General Fund Expenses were reduced $2.59 million through a series of cost saving measures and operating efficiencies across all departments. These reductions are consistent with LRFP and are sustainable over the long term.
As recommended in the LRFP , the following actions were taken as part of the FY 2010 Budget:
- Reduced net expenses by $2.2 million
- Increased the Property Tax Levy for General Fund operations by $500,000
- Increased Home Rules Sales Tax by 0.25%, generating $1 million in FY2010
- Planned use of $835K in reserves