Schaumburg's Budget Crafted with Both Optimism & Caution
Schaumburg's Budget Crafted with Both Optimism & Caution Updated 4/13/2021 9:21 AM The Village of Schaumburg has emerged from the Fiscal Year 2020/21 having reduced expenditures more than $23 million during the year to address a revenue loss of $38 million. Additionally, the village reaffirmed its AAA bond rating from Standard and Poor's Global Ratings Agency and restructured outstanding bonds to achieve a savings of $25 million. The proposed Fiscal Year 2021/22 budget begins the process of reinstating some operations and programs that were reduced in the previous year because of...
Source: dailyherald.com