Romeoville Anticipates $400,000 Surplus

Village of Romeoville Press Release
 
Village Board Reviews Progress

For Current Budget Year

 

Romeoville Anticipates $400,000 Surplus

 

During the December 12, 2012 meeting, Mayor John Noak and the Village Board were provided a mid-year comprehensive review of the Village’s financial status as well as its goals, programs and accomplishments for the 12/13 fiscal year. “We are fortunate to be in a position to complete many new projects as well as implement non-monetary initiatives,” said Mayor John Noak. “We are also seeing an increase of approximately 41% in building permits which is an indication that the economy may be improving,” Noak added. 

 

A few of the projects which have been completed include over $2 million dollars for the in-house street resurfacing program, upgrades to the Woods Lift Station, Murphy Drive resurfacing, purchase of a new street sweeper, purchase of 5 squad cars, the renovation of the Dale Blum Football Field and the purchase of 9 Rock Road. The Village also provided a property tax rebate to residents and implemented a new youth police academy.

 

Major projects currently underway include Phase II of the Veteran’s Memorial/Murphy Park Project and the Downtown Redevelopment including an $8 million dollar Athletic and Event Center.

 

Village finances were presented as sustainable and staff estimates a $400,000 budget surplus in the Corporate Fund for the current budget year.   Mayor Noak commended staff for their diligence in maintaining a balanced budget. A preview of the upcoming 13/14 budget requests was also provided.

 

 

 

 

Village of Romeoville

1050 West Romeo Road
Romeoville, IL 60446
(815) 886-7200
www.romeoville.org
Village Board

 Mayor 
John Noak

Village Clerk 
Dr. Bernice E. Holloway

Trustees
Linda Palmiter
Jose (Joe) Chavez
Brian Clancy
Dave Richards
Sue A. Micklevitz
Ken Griffin  

 

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