2021 Budget in Brief

LETTER FROM THE MAYOR

This year we are facing unprecedented challenges, not only in our community and nation, but across the world. Our lives have been drastically altered because of COVID-19. How we gather as a community and how we do business has changed. Many of our small businesses, especially those in the service industry, have been hit especially hard by the effects of COVID-19. How the Village operates, provides services and interacts with residents has also been affected and we have made adjustments that enable us to continue to provide the level of services the community has come to expect in Orland Park. Because of the difficult decisions made by the Village Board and put into action by the administration, Orland Park remains on strong financial footing and we are, as always, prepared to deal with the financial impacts of COVID-19. We are planning for a downturn, resulting in a decrease in revenue.

The decisions the Village made for budget years 2018 to 2020 put us in a strong position to meet the challenges we face due to COVID, including; • Reduced operating expenditures by 13.9%

• Reduced full time staff by 8.9%% • Lowered debt by over $40 million

Despite the pandemic related challenges, the Village has worked diligently to develop a budget that: • Continues the Village’s commitment to public safety • Continues the Village’s investment in infrastructure • Is within the parameters of the Village’s financial policies In 2021, we lowered our operating budget once again, but are still able to maintain a robust capital program, while restructuring our debt to take advantage of historically low interest rates. In 2021, our debt will be reduced an additional $4M. Since beginning of 2018, until the end of 2021, the Village will have run a surplus that allowed us to reduce our debt by $41M. Despite the challenges, financial and otherwise, the Village will continue to provide the highest level of service that the community is accustomed to. Orland Park is, and will continue to be the best community in which to live, work and play in the Southwest Suburbs of Chicago. Keith Pekau | Mayor

2 | VILLAGE OF ORLAND PARK FISCAL YEAR 2021 BUDGET IN BRIEF