- Posted by Barrington Hills
- On December 17, 2021
And the Trend Continues…
Village Board Approves Lower Levy for FY 2021
As 2021 comes to a close, residents of Barrington Hills will see a reduction in the Village’s portion of property taxes. The trend of “doing more with less” is a welcoming practice, especially at a time when inflation continues to rise. At last night’s Board of Trustees meeting, Thursday, December 16, 2021, the reduced levy for the 2021 fiscal year was unanimously approved by the Board Members.
The Board’s goal was to continue the trend of finding areas to save the taxpayers money–and they did–making it the eighth consecutive year. “A huge thank you to the Finance Committee and Staff for your long hours in getting this done. It is a proud moment as a Board member to be able to do this for our residents,” said President Brian D. Cecola.
The Finance Committee is made up of Village Trustees Bryan C. Croll (Chairman) and Laura S. Ekstrom (Member).
Village of Barrington Hills is an appropriations municipality which by ordinance, gives the Board the ability to spend more, if necessary, than budgeted. Year after year since 2013, the Village has spent less than what was budgeted resulting in overall savings of 25.6%. In 2021, the Village reduced expenditures by $153,021 or a little over 3%.
The below pie chart illustrates how a resident’s *property tax bill is divided among the various taxing bodies.
2020 Taxing Bodies (Payable 2021) McHenry County