Village leaders will unveil its 2013 budget proposal to the public for the first time Wednesday.
The Committee of the Whole will meet at 6:30 p.m. Wednesday at Fire Station #3, W140N7501 Lilly Rd. Village Manager Mark Fitzgerald and village staff will present each section of the budget. There will not be a vote taken at the meeting, which was posted on Tuesday.
Last year, the village passed a $25.6 million budget, which was approved unanimously by the Village Board. It cut spending by 0.57 percent compared to 2011, but increased the property tax levy by 0.91 percent to $21.7 million.
The village's tax rate increased 0.4 percent — from $5.17 to $5.19 per $1,000 of assessed value. An owner of a home assessed at $250,000 saw a total increase of $10 in village taxes, including the municipality's solid waste fee.
Stay tuned to Patch Wednesday to see how the proposed 2013 budget stacks up to 2012.