2025 Budget In Brief

VILLAGE OVERVIEW LETTER FROM THE MAYOR

LOWER PROPERTY TAXES

The Village of Orland Park had a very successful 2024 and we are on track for an even more prosperous 2025.

I urge everyone in the community to take part in Village board meetings (we offer in-person as well as a live broadcast on our OPTV Cable Channel and YouTube) and to stay informed by joining one or more of our community engagement efforts found on page 13. Please visit the Village website at orlandpark.org for all Village of Orland Park related news, event listings and more. As always, please feel free to visit Village Hall or reach out to my office or any member of Village staff with any questions or concerns. Here’s to continued success in 2025.

The Village’s goal of minimizing the impact from property taxes revolves around the combination of lowering the property tax levy while increasing the Village’s Equalized Assessed Valuation (EAV). In 2024, the Village successfully lowered the property tax levy by $250,518 or 1.87%. The Village also anticipates increases in the Village’s EAV from new development adding to tax rolls in 2025.

The attached 2025 budget maintains the high-quality Village services offered to residents and capital investments in facilities, parks and infrastructure to establish a solid foundation for Orland Park’s future. This budget accomplishes this in the face of economic challenges that are beyond our control. The proposed budget continues the funding of General Fund services without the use of a General Fund property tax. As a result, Village residents enjoy one of the lowest municipal tax rates in the area. The Village will continue to examine municipal services and develop strategies that enable the Village to match resources (financial, physical and human) to the desired level of service. We will continue to explore further cost cutting measures such as outsourcing and investing in technology and equipment to improve efficiency. We will also continue our efforts to drive further economic development. The fiscal year 2025 budget includes capital expenditures of $58,695,642. In addition to resurfacing and roadway improvements, other major capital expenditures reflected in this budget are found under the Capital tab of the budget. Use of Fund Balance - The Village’s General Fund Balance Policy establishes a minimum level (target range) at which the projected end-of-year available fund balance should be maintained to provide financial stability, cash for operations and the assurance that the Village will be able to respond to emergencies. A draw-down of fund balance is proposed that will maintain our 20% fund balance and use excess savings for the Village’s capital needs. We’ve continued to implement the use of ClearGov, an online financial tool that puts a fully transparent budget book, operational budget, personnel budgeting and capital budgeting at the fingertips of the community. View full details on the Village’s website at orlandpark.org/ budget.

These two successful updates result in a lower property tax for residents.

Keith Pekau Mayor

For a bird’s eye view of the completed and planned

improvements, visit the Village’s GIS mapping site at orlandpark. org/maps. This includes road resurfacing and park improvements from 2019 through planned projects for 2025.

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VILLAGE OF ORLAND PARK | FISCAL YEAR 2025 BUDGET IN BRIEF

VILLAGE OF ORLAND PARK | FISCAL YEAR 2025 BUDGET IN BRIEF