The Village of Oak Lawn's Board of Trustees meeting on December 10, 2024, highlighted significant financial achievements, including a continued commitment to a zero property tax increase for the second consecutive year. This decision marks only the second increase since 2017, attributed largely to the village's careful financial management and the efforts of its staff.
During the meeting, officials praised the village manager and department heads for their fiscal responsibility, emphasizing the importance of taxpayer dollars. The village has implemented cost-saving measures, such as the green light program, which has reportedly saved approximately $500,000 over a few years.
In addition to maintaining a zero tax increase, the village allocated $3.8 million towards pension funding, exceeding the mandated requirements. This brings the total pension funding to about $15.6 million, ensuring that essential services like police and fire departments are adequately supported for their retirement.
The meeting also addressed infrastructure investments, with $1.2 million earmarked for improvements to address water flow and flooding issues, alongside $2.5 million for capital equipment upgrades. These investments reflect the village's proactive approach to maintaining and enhancing community services.
Trustees commended the finance department for their diligent oversight of the budget, which has allowed Oak Lawn to avoid tax increases while investing in the future. The meeting concluded with holiday wishes from the mayor, reinforcing a sense of community and gratitude among the board members and staff.