Romeoville Passes $129.4 Million Budget For Fiscal Year 2019-2020

ROMEOVILLE, IL – The Romeoville Village Board of Trustees at its meeting last week approved a balanced budget of $129.4 million for fiscal year 2019-2020. The matter was approved in a unanimous vote.

Among the highlights, Village Manager Steve Gulden, noted are the capital projects. Funding is included for, among other things, a new public works building.

“As we talked about, it’s in really bad shape,” Gulden said, referring to the current public works facility. “We’re doing a new one.”

In addition, the village is allocating about $2.6 million to pay for local street resurfacing and about a million dollars for the area in and around the Marquette Business Park.

The budget does not propose any new taxes or fees for the fiscal year 2019-2020.

Romeoville’s budget increased by 26 percent over the prior year. Gulden said this is mainly due to capital projects with respect to street and water and sewer improvements.

Romeoville’s tax rate is decreasing from 1.24 percent to 1.239, which Gulden said makes this feat possible for the fourth year in a row.

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“Board has always wanted residents to have decreased tax rates,” Gulden said.

The typical homeowner spent $755 in property taxes to the village of Romeoville in 2008, Gulden said. A decade later, the same homeowner spent $778. That makes for a $2.80 increase per year to the typical homeowner.

“With all the services and with the capital that we’re doing, that’s a testament to the village board and the vision to make sure to keep taxes low,” Gulden said.

Among new services Romeoville intends to introduce is electronic hazardous material waste pickup through Waste Management.

Gulden said taxpayers will continue to find a water bill rebate is available.

The village relies on local taxpayers to provide 50 percent of its annual budget.

“We have a very good, diversified revenue base that encompasses retail, commercial, housing, industrial, manufacturing,” Gulden said.

Mayor John Noak said the village is doing its part to be good financial stewards.

“We strive to reinvest in the community and do the right thing for our residents in the long run and not just the short term,” he said.