Palatine 2022 budget finances roads, keeps property tax flat

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The Palatine village council has approved a $ 125 million budget for next year that includes no property tax increases and one of the strongest street programs in years.

The document represents an operating budget of $ 80.3 million, plus approximately $ 44.7 million for the capital budget, district tax increase spending, debt repayment, transfers. , insurance and pension obligations. The board discussed the budget at a special meeting on November 6, with a brief follow-up discussion on November 8. No residents spoke at a Nov. 15 public hearing on the budget.

The budget includes nearly $ 13.5 million in capital investments, including $ 4 million for street resurfacing and rehabilitation. The village plans to use just over $ 2.9 million in fuel tax revenue to fund street projects next year.

The 2022 budget, unanimously approved by village council on Monday, represents a 5.8 percent increase over this year’s $ 118.1 million spending plan, which was leaner than normal due the financial effects of the COVID-19 pandemic.

The village will fill three fire stations and two police stations that had remained vacant this year and which are funded in the 2022 budget. The plan for the police stations is to hire one full-time officer and three part-time assistants.

By the end of 2022, village officials expect to have $ 20.7 million in reserves in the general fund, which pays for day-to-day operations. This represents almost four months of expenditure.

The village council also approved increases of 2.5% for non-union and non-management employees on Monday as part of next year’s spending.

Management employees get merit increases based on performance.

The police union is in the third year of a three-year agreement with the village, under which officers will receive a 2.25% raise in 2022. The firefighters union is in the second year of an agreement four-year period, under which firefighters also will benefit from an increase of 2.25%.

Public works employees have a union agreement with the village which expires this year. Meetings will be scheduled to discuss the new terms of the contract, village officials said.

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