October 22, 2012
The purpose of this report is to provide a review of the DuPage County Proposed FY2013 Financial Plan and examination of the County’s financial condition. The report reviews key findings of the $431.8 million budget plan and compares proposed FY2013 figures to FY2012 adopted and current budget figures. Five-year trend analyses for liabilities, including pensions, debt and capital funding, are also included.
The Civic Federation supports the DuPage County Proposed FY2013 Financial Plan for holding the property tax levy flat at $66.6 million for the third year in a row and reducing its headcount while maintaining a healthy fund balance of $61.8 million or 47.2% of operating expenditures. However, the report’s five-year analyses indicate some negative trends for the County’s pension liabilities.
Click here to read the press release for this analysis.