The Village of Algonquin, IL

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Algonquin Earns Budget Award

The Government Finance Officers Association of the United States and Canada (GFOA) announced that the Village of Algonquin has received the GFOA's Distinguished Budget Presentation Award for its Fiscal Year 2021 - 2022 budget.  This is the eighteenth consecutive year the Village has received this prestigious award.

The award reflects the commitment of the Village Board and staff to achieve the highest standards and best practices of governmental budgeting. In order to receive the budget award, the entity had to satisfy nationally recognized guidelines for effective budget presentation.

“Village staff has once again done a tremendous job in not only putting together a balanced budget, but one that is easily understandable for our residents” said Village President Debby Sosine.  “Through sound financial planning, Algonquin is able to provide efficient and reliable services to the community while keeping property taxes flat, which is a top priority of our residents and Village Board.”

Algonquin is one of 87 municipalities in Illinois to receive the award, and further the only municipality to receive a special recognition for its use of performance measures. Award recipients demonstrate improved quality of public sector budgeting and provide an excellent example of transparency for public finance and operations.

Algonquin’s Fiscal Year 2021 – 2022 budget represents a balanced $75 million financial plan, featuring a property tax rate at the lowest level since 2011 and $32.3 million in capital infrastructure investment.  The budget document is available for viewing online.