The Homewood-Flossmoor Park District board got its first look at a 2022-23 budget showing revenues of $12.86 million and expenses projected at $12.63 million.
Revenues are expected to go up as park activities resume after the COVID-19 pandemic, and thanks to Cook County’s reassessment of South Suburbs property in 2020. The equalized assessed valuation (EAV) is up about $90 million to approximately $677 million, but it falls about $135 million short of the all-time high EAV of $812.7 million in 2010 “right before the real estate bubble burst,” according to Karen Garrity . . .
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