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Friday, December 6, 2024

DuPage County approves FY2023 Budget, boasts large surplus from FY2022

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Above / Did you know? A large plaque sits atop a rock along the Naperville Riverwalk that pays tribute to the DuPage County Sesquicentennial in 1989 with the fact that Naperville was the first county seat in 1839. “This recognition has been a joint effort of the DuPage County Sesquicentennial Celebration, Inc., the City of Naperville and the Naperville Heritage Society, in honor of DuPage, the Voyageur, for whom the county is named. DuPage operated the first trading post at the forks of the DuPage River, which eventually became the county seat.”  Wheaton became the county seat in 1867.

Dan Cronin

Wheaton, Nov. 22, 2022 – The DuPage County Board on Tuesday unanimously approved its Fiscal Year 2023 budget, which includes a balanced, $584.1 million spending plan and a reduction in property taxes for homeowners.

Due to conservative financial planning, DuPage County is projected to finish the 2022 Fiscal Year with a surplus of $40 million. Among the ways the County will utilize those funds include:

  • $3 million for major renovations at the DuPage Care Center
  • $2 million for transportation infrastructure, including roadway improvements and enhanced pedestrian and bicycle pathways
  • $6 million to replace the County’s existing financial system which will soon reach end of life
  • $3.25 million to replace aging vehicles
  • $250,000 for the DuPage Neighborhood Revitalization Program
  • $393,800 for solar panels to provide clean energy for part of the County campus
  • $398,680 for a stormwater improvement project at Winfield Creek

“During our financial planning process, my intention is always to create a budget that sets a strong foundation for the future,” Cronin said. “As I prepare to leave the office of County Board Chairman, I am confident this budget will provide a foundation for success for the next generation of County leaders.”

The total proposed budget for DuPage County is $584.1 million, with a General Fund budget of $234.6 million. The General Fund is the County’s chief operating fund, covering most personnel and program operations.

The proposed budget includes a $69.9 million property tax levy and a property tax abatement of $5 million, which will be automatically deducted from homeowners’ property tax bills in 2023. Residents do not need to take any action to realize the savings.

DuPage County 2023 Fiscal Year begins Dec. 1 

The 2023 Fiscal Year begins on Dec. 1. DuPage County is AAA bond rated. The County’s latest reported unemployment rate was 3.3 percent for the month of September.

To view the full FY2023 County budget document, visit www.dupagecounty.gov/finance.

DuPage County Budget Report submitted by Evan Shields, Public Information Officer, DuPage County Board.

Editor’s note / Naperville Budget Workshop 3 & wrap up are online

FYI: While the DuPage County Board approved its 2023 budget on Tues., Nov. 22, the City of Naperville finished Budget Workshop 3 on Mon., Nov. 21, 2022, and will approve its FY2023 budget in December to begin on Jan. 1.

Click here to watch City of Naperville Budget Workshop 3. After presentations and City Council discussions for an hour and 20 minutes, the Budget Wrap Up begins.

Near the end of the “Wrap Up,” much appreciation was expressed all around for the process. Mayor Chirico also informally recognized Councilman Patty Gustin for her commitment to the Naperville City Council, noting that the workshop was her last meeting.

Gustin will be sworn into the DuPage County Board on Dec. 5, 2022.

The City of Naperville FY 2023 Budget is on the City Council agenda for approval on Tues., Dec. 6, 2022.

 

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PN Editor
PN Editor
An editor is someone who prepares content for publishing. It entered English, the American Language, via French. Its modern sense for newspapers has been around since about 1800.
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