Homewood officials cut more than $800,000 in expenses to help make up for more than $1 million in projected revenue lost in the 2020-21 budget approved by the Homewood village board Tuesday.
“We’ve been through recessions before, in 2001 after the 9/11 attacks and in 2008 with the housing meltdown and now, what looks even worse, with this whole COVID-19 thing,” Homewood Finance Director Dennis Bubenik said. “We do have, on-hand, options available. We didn’t go to the most-severe option but we would not do ourselves a favor . . .