Lake In The Hills Village Board To Discuss Budget, Tax Levy

The Lake in the Hills Village Board will meet Tuesday to discuss advancing the village’s 2020 budget and 2019 property tax levy for a vote. According to village documents, the total fund balance of the village’s 19 funds would be drawn down by about $1.89 million. The most pertinent decreases would come from the water operations and maintenance fund, which would decrease by $905,035; the lakes projects fund, which would decrease by $396,564; the capital improvement planning fund, which would decrease by $372,145; and the general fund, which would decrease by $194,599. The general fund balance decrease represents about 1.1% of budgeted expenditures, which amounts to about $17.9 million.