Algonquin planning balanced budget
ALGONQUIN – Village officials expect expenses and revenue to increase by 3 percent under a spending plan for fiscal 2013-14, which begins May 1.
The village plans for a balanced $19 million budget in its operating funds. It includes the same level of service, no new taxes, no new personnel and a decreased property-tax levy.
The village expects a 3 percent increase in sales-tax receipts for the fiscal year, and a 3 percent increase in income-tax transfers from the state.
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