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Village of Ridgewood 2016 Budget Highlights and Low lights

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Village of Ridgewood Budget Highlights and Low lights

Budget Summary

 Operating & Capital Budgets done together. ◦ $47.8 Million Operating Budget ◦ $4.2 Net Million Capital Budget

 1.6% Municipal Tax Increase ◦ $67.40 annual increase on an average assessed home value of $693,904.

 Estimated outstanding bonds & notes $36.6 Million (12/31/15) $38.8 Million (12/31/14)

 Revenues & Expenses are up approximately 1.4% from prior year.

 General operating staffing levels flat to last year

2016 BUDGET PRESENTATION AT APRIL 13TH VILLAGE COUNCIL PUBLIC MEETING

For the 2016 Budget Report that was presented at the Village Council Public Meeting on April 13, 2016 Click Here