Tax rate lowered for 6th consecutive year
“It is vital that the county continues to meet the needs of our residents, especially during these uncertain times,” said County Board Finance Chair Ken Harris (D-Bolingbrook). “This budget meets those needs.”
This year, the county has again funded a five year road and capital plan. Also included is $10 million in funding for the remainder of the Building Will Plan which was launched in 2016.
Will County Republicans would have liked to see more relief for taxpayers in the budget. County Board Minority Leader Mike Fricilone (R-Homer Glen) said that the county could have tightened its belt a little more.
“Many of our residents and small businesses are struggling during the pandemic,” said Fricilone. “Will County was in a position to lower the tax burden and continue to provide top-notch services. It is our obligation to keep taxes low and I think we could have reduced the levy further.”
Will County continues to maintain its AA+ bond ratings from Moody’s and Standard & Poor’s. This is due to the county’s diverse tax base, stable financial performance, and strong reserves and liquidity.
“Will County continues to be a place where businesses locate and where people want to live and work,” said County Board Speaker Mimi Cowan (D-Naperville). “I’m grateful to all of the hard work that our staff and county board members put forward to develop a balanced budget that works for residents and businesses.”