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The Village Board in Roselle is considering a $19.3 million budget for 2022 that continues the fiscal flexibility necessary to not only maintain service delivery levels, but also to respond quickly and adapt to a dynamic economy. The proposed budget for 2022 calls for General Fund revenues to exceed expenditures by approximately 3 percent, or $500,000.
Prudent budgeting in recent years has the General Fund unreserved fund balance projected at 58% of expenditures, exceeding the Village Board’s policy of having at least 45% of expenditures in reserve and allowing for the Village Board to make additional contributions toward capital improvements and public pension liabilities in 2021. As the world continues to recover from the effects of a global pandemic, the organization is still trying to fully determine the impacts on the budget and financial assumptions.
Water, sewer and capital improvement surcharge (CIS) rates are proposed to increase in Roselle for 2022, following no increases to those rates since 2019. Aging infrastructure in the nearly century-old community and a more stringent environmental regulatory climate will require aggressive capital improvement spending in 2022 and beyond. The proposed 2022 budget reflects utility rate increases that will see the average monthly bill in Roselle to go up by about $3.24, based on 5,400 gallons. The budget calls for the water rate to go up 20¢, the sewer rate to go up 15¢, and the CIS rate to go up 25¢.
With an increase in infrastructure work expected for the near term, the Village’s 5-year Capital Improvement Plan identifies projects required to maintain and improve municipal buildings and the Village’s streets, stormwater, wastewater, and water systems. The plan calls for $9.5 million in street improvements, $12 million in stormwater projects, $34 million in wastewater projects, $6.6 million in water main replacement projects, and nearly $2.5 million in municipal building maintenance over the next 5 years. Public input will be sought on how to most effectively complete these important community projects as the Village’s projected expenditures exceeds the Village’s revenue forecasts.
The only other rate increase included in the proposed 2022 budget is to ambulance transport fees that help to offset increased costs for emergency service staffing changes that were approved in 2021. The Village Board will hold budget workshops to discuss these and more initiatives on November 1 and November 8. The final budget for 2022 is scheduled to be adopted on December 6. Visit www.roselle.ilus/Budget to view the Village’s proposed FY2022 budget.