Section 6: Watching the Dollars–Glenview Finances

“My property taxes are too high!” “The Village is spending what?” It comes as no surprise that the property tax and Village spending are some of the things residents are most frequently concerned about.

While it is not the purpose of this Guide to provide a deep dive into municipal finances and the property tax system (see the Appendix,  “A Closer Look At Your Property Taxes”, at the end of this Guide for more), a basic understanding of where the Village gets its money–and spends it–can help make you a more effective advocate.

How the Budget Gets Built

Glenview’s fiscal year is congruent with the calendar year: January 1 – December 31. Historically, the Village has been in good fiscal shape: Moody’s Investors Services gives it an AAA credit rating, which allows the Village to take advantage of lower interest rates when it borrows money.

Preparing the Village budget encompasses significant staff time for preparation and analysis and significant Village Board time for coordination and review. The budget is debated and discussed by the Board typically at three public Budget Workshops inl a Capital Improvement Program (CIP) Workshop for resident input in the fall. The final budget is voted on at a December Board Meeting.  If you want to add your two cents and really know where your money is going, attend these workshops and meetings. Information is posted on the Village website.

Where the Money Comes From

Village revenue comes from several sources.  Here are the sources of revenue from the Village of Glenview Adopted 2018 Budget.

revenue in

Source: Village of Glenview Adopted 2018 Budget

Where the Money Goes

It’s important to remember: your tax dollars pay for the services you value. Glenview enjoys an attractive neighborhood and business environment, well-maintained streets and sidewalks, a high level of public safety, excellent first responder services, and many other amenities. Without our tax dollars, many of those amenities wouldn’t be affordable.  Here’s where the Village allocates its spending based upon the Village of Glenview Adopted 2018 Budget.

revenue out

Source: Village of Glenview Adopted 2018 Budget

Guide Table of Contents

Section 7: Beyond the Village–Other Units of Government