An ordinance was approved for the levy and assessment of taxes for 2015, collectible in 2016. The corporate tax levy was approved for $13,886,695. This is the 3rd year in a row that the levy is reduced. From 2013, the Village of Oak Lawn’s general corporate levy is reduced 5.6%.
The Board voted unanimously to approve the 2016 Village of Oak Lawn municipal budget. The proposed budget is $54.4 million. The budget calls for an ongoing reduction in overall net general obligation debt outstanding of $6 million in 2016. Pension contributions will be $6 million and $2.6 million is budgeted for streets. Budgeted general obligation debt outstanding is $69.9 million and this is down considerably from $75.9 million in 2015 and $86.7 million in 2014. All funds together with the $54.4 million general fund total $161.9 million. The number of full time employees changes from 278 in 2015 to 281 in 2016. Police and fire personnel are unchanged.
An ordinance providing for the reduction or abatement for the corporate debt service fund for the 2015 tax levy was approved unanimously as well as a resolution approving the forgiveness of certain inter-fund loans. An intergovernmental agreement between the City of Burbank, the Village of Oak Lawn and the MWRDG pertaining to the Melvina Reservoir was approved.
Huck Finn Restaurant petitioned for a Class FV liquor license for beer, wine and gaming for their location at 10501 South Cicero. The restaurant has been a popular stop on Cicero Avenue for the past 18 years and they are looking to improve their restaurant. Trustee Carberry says they are “very responsible owners and great partners” with the Village. Mayor Bury complimented them on their renovation a few years ago. The license received unanimous approval.
A garage door height variation was granted on the 8900 block of Nashville.
Two important residents were recognized. Bob Wilcox was recognized for his heroic contributions during WWII and for his continued contributions and community volunteering over the past seven decades. Mr. Ken Ritter was recognized in his retirement after 26 years of service and commitment to excellence as Water Division Manager.
Mayor Bury thanked our legislators in Springfield for approving SB 2039 which was signed by the Governor on December 7, 2015. This bill returns the flow of funding from the Motor Fuel Tax revenue, Use Tax revenue, gaming revenue and 911 funding to local municipalities. The release of these funds means that the Village will not need to use reserves, borrow money or use other extreme measures to meet obligations.
The entire meeting is on the Village of Oak Lawn's YouTube channel and can be viewed by clicking this link: https://youtu.be/HwKWn1pp_SM
Below is the summarized 2016 budget plan: