Glenview trustees on Dec. 7 approved a $184.9 million spending budget for 2022, a $7.6 million increase from 2021.
The village projects a balanced corporate fund, with budgeted operating revenues of $82.1 million and expenditures of $81.8 million, including more than $3.5 million in property tax revenue from the closing of the Glen tax increment financing district at the end of 2021.
Glenview will receive the remainder of some $6.4 million allocated to the village under the American Rescue Plan Act in 2022; the first distribution of $3.2 million was received in September.
Following trustee guidance after the village’s budget workshops, that funding is expected to be spent on water infrastructure improvements like the replacement of lead services lines and streetscape improvements. A remaining $300,000 will be spent to support local businesses.
Though the budget is balanced, it includes an $11.7 million overall gap between annual revenues and annual expenditures; community engagement manager David Just told the Journal and Topics the gap includes ongoing development and public works projects that are expected to be paid with funds from the Glen TIF.
Increases to overall spending were driven by growth in personnel and new capital projects. According to village documents, the village restored several positions previously left empty due to the COVID-19 pandemic and took on several positions previously funded through the Glen TIF.
Growth in capital project spending will occur as part of the five-year Capital Improvement Plan. Under the plan, the village has budgeted to spend $29.8 million, mostly on improvements and repairs to roads as well as the village’s sanitary and sewer system.
This story has been corrected.
Joshua Irvine is a freelancer reporter for Pioneer Press.
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