Contact Information: Joan Olson, 630-407-6015
Tuesday, November 25, 2014
County Board Approves 2015 Budget
This morning the DuPage County Board approved the 2015 budget that reduces spending and holds the line on property taxes.
“DuPage County remains committed to doing more with less. The 2015 budget is a testament to that pledge. We tightened our belts where it made sense and kept our property tax flat. This strategy allows us to maintain, and in some cases, enhance services without asking for more from taxpayers,” said Dan Cronin, DuPage County Board Chairman.
The 2015 budget, which will take effect Monday, Dec. 1, is $449.4 million. It is $24.3 million less than last year’s budget of $473.7 million. Since taking office in December 2010, Cronin has cut more than $34.3 million from the county’s budget.
While continuing to fund public safety and community services, the budget also includes $57.5 million in capital projects for stormwater, drainage and road construction.
Finance Committee Chairman Paul Fichtner said the county has not raised property taxes for seven years in a row. This year’s budget calls for the property tax levy to remain flat at $66.6 million.
“Our prudent and conservative fiscal approach continues, allowing the county board to fulfill our mission efficiently and effectively, while leveraging the full value of each tax dollar collected,” he said.
Fichtner added that the County’s AAA bond rating also has a significant impact on the board’s ability to borrow money for capital projects at a lower rate, which saves taxpayer money. Fewer than one percent of U.S. counties have received the AAA bond rating from all three rating agencies.
To view the full budget, visit www.dupageco.org/finance.