The Village of Lemont operates on a May 1-April 30 budget cycle. The annual budget includes a five year spending plan, multi-year capital improvement program and a multi-year road improvement plan.
Each year, the Department heads and the Finance Committee work hard to prioritize the items that are essential to the operation of the Village, taking into account the Village Board's strategic goals and objectives.
Village BudgetsFiscal Year 2018-19 Village Budget
The Proposed FY19 Annual Operating Budget and Capital Plan will be presented to the Village Board on March 12, 2018, March 19, 2018 and March 26, 2018. Public Hearings for the Proposed Budget will be on March 12th and March 26th.
FY19 Proposed Annual Operating Budget and Capital Plan- version one
FY19 Proposed Annual Operating Budget and Capital Plan- version two
The Proposed FY19-FY23 Capital Improvement Plan was presented to the Village Board on February 12, 2018. The Plan will be adopted via Resolution on February 26, 2018.
FY19-FY23 Proposed Capital Improvement Plan
Fiscal Year 2017-2018 Village Budget
The Annual Operating Budget was adopted via Ordinance on April 10th, 2017. Public hearings were held on March 13th and March 27th. FY2017-2018 Annual Operating Budget and Capital Improvement Plan
Adopted Budget Ordinance: Adopted FY17-18 Budget Ordinance
Adopted Capital Resolution: FY18-FY22 Capital Improvement Plan
Fiscal Year 2016-2017 Village Budget
The Annual Operating Budget was adopted via Ordinance on April 11th, 2016 after the Village of Lemont held two public hearings on March 14th and March 28th. FY2016-2017 Actual Annual Operating Budget and Capital Improvement Plan
Adopted Budget Ordinance Adopted FY16-17 Budget Ordinance
Adopted Capital Resolution FY17-FY21 Capital Improvement Plan Resolution
Previous Village Budgets
FY 2015-2016 Annual Operating Budget and Capital Improvement Plan
FY 2014-2015 Annual Operating Budget and Capital Improvement Plan
FY 2013-2014 Annual Operating Budget and Capital Improvement Plan
FY 2012-2013 Annual Operating Budget and Capital Improvement Plan
Illinois Public Act 097-0609 (5 ILCS 120-7.3) effective Jan 1, 2012 requires that municipal employers participating in the Illinois Municipal Retirement Fund post employee compensation information. The information may be posted at the employer’s website or at the principal office of the employer. Information on employee total compensation packages equal to or exceeding $150,000 a year must be posted at least six days before approval and employees having total compensation packages that exceed $75,000 per year must be posted within six days of budget approval. At its discretion, in order to be fully transparent, the Village of Lemont is posting the payroll budget for Fiscal Year 2017 on the Village’s website. The budget reflects employees on the payroll and budgeted individual benefit packages based on participation for fiscal year 2017 General wage increase assumptions and benefit increases have been budgeted.
Local Government Distributive Funds Information
Municipalities receive a percentage of the total income tax revenues the state receives for the purpose of providing local government services to its residents. For the Village of Lemont, approximately 20% of its general fund revenues come from this source. In 2011 when the income tax was increased, municipalities did NOT receive the same percentage of this additional revenue. Regardless of the income tax rate going forward, municipalities (including Lemont) are united to ensure that the percentage of revenues going to local governments returns to the original percentage.
The link below gives further information regarding the local government distributive fund and current legislation regarding the fund.
IML Local Government Distributive Fund Fact Sheet