Local News

Finance director: Homewood financial forecast encouraging; public hearing on budget set for April 26

Homewood's economy has weathered the COVID-19 pandemic better than expected so far, and that's one factor that contributed to a fairly rosy budget outlook for the coming year.

At the village board meeting Tuesday, April 12, Finance Director Dennis Bubenik walked trustees through the plan for the 2022-23 budget year, highlighting overall stability with modest increases in revenue that will allow the village to make progress on several projects residents have asked for.

"There will always be a greater demand for local government services than we have revenue to pay for those services, but through the budget discussions we will balance the services we can provided with the revenues we have to pay for those services," Bubenik said.

There is $153,600 in the capital budget for 183rd Street improvements. The Public Works Department unveiled a plan on March 22 for its next steps in making the street safer. One big project is the installation of traffic lights at 183rd and Center Avenue. Engineering work is slated to begin soon.

In a related effort, the budget will support the Police Department's expanded efforts to control speeding on 183rd Street and other major streets in the village.

The capital budget also includes money for three TIF district projects, improvements to the parking lot in the Southgate shopping area, renovations to a building the village is in the process of acquiring at 1221 175th St. and infrastructure work in the Dixie Highway/Miller Court district, which will be home to Homewood Brewing Company.

The village manager's office will add a planner position that was eliminated in 2010 as a result of the Great Recession.

Draft expense budget overview (Provided graphic)

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