Homewood is preparing to adjust to the financial impact of the economic shutdown.
Finance Director Dennis Bubenik presented the village board with an outlook for the town’s 2020-21 budget at its April 14 meeting. The final draft will be present to the board for a vote on April 28.
After the initial budget planning meetings were held, Bubenik said the first draft had a $264,108 deficit. Adjustments turned that into a $348,140 surplus.
“Then the coronavirus pandemic and economic shutdown hit,” Bubenik wrote in a village memo. “The budget . . .