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The village of Schaumburg’s Fiscal Year (FY) 2024/25 Annual Budget Proposal anticipates an easing of inflationary economic conditions and moderating revenue growth while presenting a balanced budget. ....
The Village of Schaumburg s Fiscal Year (FY) 2023/24 Annual Budget Proposal anticipates the continued effects of inflation while operations return to pre-pandemic levels and the village moves forward with goals outlined from feedback from the 2021 National Community Survey. ....
The Village of Schaumburg Fiscal Year 22/23 Annual Budget proposes to "Return to Normal" by restoring operations and programs that were reduced due to the pandemic while moving forward with goals developed with feedback from the 2021 National Community Survey. ....
The Village of Schaumburg is pleased to announce it has once again received the Distinguished Budget Presentation Award from the Government Finance Officers Association (GFOA) for meeting the highest principles of governmental budgeting. ....
Schaumburg s Budget Crafted with Both Optimism & Caution
Updated 4/13/2021 9:21 AM The Village of Schaumburg has emerged from the Fiscal Year 2020/21 having reduced expenditures more than $23 million during the year to address a revenue loss of $38 million. Additionally, the village reaffirmed its AAA bond rating from Standard and Poor s Global Ratings Agency and restructured outstanding bonds to achieve a savings of $25 million. The proposed Fiscal Year 2021/22 budget begins the process of reinstating some operations and programs that were reduced in the previous year because of the impact of the COVID-19 pandemic. No new increases in property tax or other taxes are included in the budget. Although the budget charts an optimistic financial plan given vaccine distribution and restrictions being lifted on local businesses, the village remains cautious based on a fragile economy that is at the early stages of what is expected to be a gradual recovery. ....