The highlight of tonight's Crystal Lake City Council meeting is the annual budget hearing. The total proposed budget is listed at $78.91 million including the library compared to the prior fiscal year budget of $103.28 million. The meeting begns at 7:30 pm in the Municiple Complex, 100 Woodstock Street.
This decrease is attributed to refinancing of 1998 general obligation bonds ($4.7 million); funds budgeted previously provided for the development of the Three Oaks Recreation area ($16.0 million); Budgeting for the Railroad Relocation Project $8.0 million); budgeted funds for a one-time contribution towards a senior center ($3.0 million); and funds budgeted for the Virginia Street corridor project ($5.5 million).
Funds have been budgeted again for the Virginia Street corridor project ($6.0 million) and include various infrastructure improvements in the water and sewer capital fund.
Other adjustments made to balance the budget include eight vacant positions that are not anticipated to be filled, no increases for a risk management program and wellness techniques, there are no increases budgeted in the liability and health insurance.
Some projects have been deferred until the economy sufficiently recovers. These include the Main Street Railroad relocation project; implementation of a comprehensive G.I.S. and document management system, and contributions toward a senior center are also delayed.
The annual City Calendar, which was mailed each year to City Residents, has been eliminated in order to reduce the printing and postage costs.
The majority of line items in the proposed budget have seen across the board reductions as compared to the previous budget.
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