The 2020 Village Budget will be considered for adoption at the Village Board meeting on Thursday, November 14, after a public hearing. The budget is the result of a three-month long process that involved several public meetings with the Village Board and standing committees. The resulting budget reflects the Village’s ongoing mission to provide high-quality municipal services in a cost-effective and efficient manner. Compared to 2019, the 2020 budget has an overall expenditure increase of 28.8%, primarily due to large capital projects including resurfacing of Lake Meadow Drive, the pathway project at the Lighthouse Grounds and equipment purchases. The Village funds all its capital projects through cash reserves and does not issue any debt. You can view the Proposed 2020 Village Budget by clicking here. 
Following are the highlights from the proposed 2020 budget:
Revenues:
  • 0.2% increase ($2,766) to the Village portion of the property tax levy, which is the allowable amount under state law based on net new construction and property improvements.
  • 15% increase ($4,830) in General Transportation Aid from the State.
  • 0% change to State Shared Revenue and State Recycling Grant.
  • 42.9% increase ($1,500) to Wind Point Lighthouse Revenues due to tours and fundraising.
  • 10% increase ($4,678) to stormwater utility revenue.
  • 0% increase to water utility fees.
Expenditures:
  • 0% change to fees for contracted fire/EMS, assessments, household hazardous waste collection and public health.
  • $1,281 increase for contracted Animal Control service fees.
  • 6.5% increase ($2,011) for contracted recycling collection services. There will be no increase to garage or bulk item collection.
  • 4% increase ($2,380) to employee health insurance.
  • 7% increase ($1,362) to the Village’s contribution to the state retirement system.
  • 3.0% increase budgeted for staff wages; actual individual wage rates to be set by resolution of the Village Board.
  • $10,000 for upgrades to the Village Hall restrooms and Lighthouse Garage.
  • $5,151 for a new roof for the Public Works Salt Shed.
  • $450,000 for the resurfacing of Lake Meadow Drive to be funded from reserves.
  • $121,900 in improvements to the Wind Point Lighthouse grounds, including entrance sign replacement, pathway improvements, landscaping and historical signage. This will be funded in part by reserves and a grant award.
  • $9,800 for new digital police hand held and car radios.
  • $58,537 for a new skid steer loader and $24,786 for a new compact excavator to replace the existing Public Works backhoe.
  • $25,000 for the third and final phase of the water utility dead-end valve replacement program.
  • $6,000 for new Beacon water meter reading software.
  • $16,000 for drainage improvement work on Lake Meadow Drive at Pinewood Court and Sprucewood Court.
The public hearing for the budget will be held at the beginning of the meeting on November 14 and the budget will be considered for adoption that evening. To view the proposed budget, click here. Please note the proposed budget does not include the narrative section which will be added when the budget document in finalized.