The Village Council will meet for the second in a series of meetings to discuss the Long Range Plan on Tuesday, June 17, 2014. All are invited to attend and participate in the discussion that will occur as part of the regular Council Meeting which begins at 7:00 p.m. at Village Hall.
This portion of the meeting will be held in the Committee Room with the Risk Fund and Downtown Tax Increment Finance (TIF) District as topics.
In 2013, the Village combined elements of Long-Range Financial Planning and Strategic Planning into a successful Long-Range Plan process.
Previously, the Village used the two separate processes that worked well together but resulted in two separate sets of strategies, solutions and actions that required the Village to coordinate the plans. The LRFP efforts were financially driven and focused on strategies for allocating limited financial resources.
The LRFP process enabled the Village to successfully manage through difficult economic conditions by identifying potentially adverse trends and corresponding strategies to mitigate their impacts. The Village's planning process is one of many strong management practices that led Standard & Poor's to upgrade the Village's bond rating to AAA.