Greetings fellow IHP Residents. I hope everyone is having a wonderful spring so far. Over the last several months the Village Board of Trustees, Village Finance Committee, Village Staff, and I have been preparing the budget for the 2021-2022 Fiscal year. This new budget will go into effect May 1st and is available on our Village website for review at, https://www.indianheadpark-il.gov/425/Financial-Records, and as always you can call Village Hall at 708-246-3080, extension 107 and have the Finance Department email you a copy.
We are now a year into the COVID-19 Pandemic and the ensuing economic recession that has hurt so many families and businesses throughout the country. Our Village’s financial position has been impacted by the recession, as have thousands of local governments throughout the country. However, we are fortunate that in some of the areas in which the Village lost revenue, this was offset by increases in revenue from other areas
The Village has been very successful in acquiring grant funding and has been able to continue with capital improvements throughout the year, unlike many other local governments. We also have been able to ensure that we have ample cash reserves and a balanced budget for the upcoming fiscal year.
The Village takes a fiscally responsible approach to the creation of the budget and the spending of Village revenues. We are proud that we have been able to continue providing services and making important investments in infrastructure for the future well-being of our community. Additionally, the Village has budgeted funds for special projects like security cameras and park improvements to help improve the quality of life in our community. For more information on these projects, we urge you to read the article on Village Goals in this edition of Smoke Signals.
The Village Board of Trustees approved the finalized budget at the April 9th Board Meeting. The Village Board and staff are proud to serve this great community and are proud of the budget prepared for the upcoming fiscal year. Despite the current challenges, we have maintained fiscal responsibility, continued capital investments, and are investing in projects and services to improve the community. The Budget for the upcoming fiscal year will continue and expand upon these efforts.
Please let me know about any questions, comments, or concerns that you may have. You may also use the Concern or Compliment Portal features within the website under the “Residents” tab. I am also available to address your community group, condo association, club, or neighborhood coffee groups to address all and anything Indian Head Park. Happy to hear from you at firstname.lastname@example.org or call me at 708-497-9745. I am very proud to serve as your Mayor.
Mayor Tom Hinshaw