Recently the Park District Board approved the 2017 annual budget of about $44 million, a slight decrease from last year’s budget.
Now that major renovations like the Fort Hill Activity Center are complete, the Park District’s capital projects for the next year will include phase two of the Frontier Park renovations, renovations to seven neighborhood parks and completion of the Knoch Park Central Maintenance Facility.
All this combined equates to a slight increase in the tax levy, but a decrease in the tax rate, which could affect some residents’ payments to the park district.
“If your evaluation goes down and our tax rate is expected to go down, you would see a decrease from the Park District, if your evaluation really went up, even with our tax rate decreasing, you might see an increase- from what we’re projecting four to six dollars overall,” explained Sue Stanish, Director of Finance with the Naperville Park District.
The Park District also expects to maintain their triple A bond rating.
Naperville News 17’s Alyssa Bochenek reports.
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