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Article: Park District budget shows decrease
- Article from:
- Gurnee Review (IL)
- Article date:
- April 24, 1997
CopyrightCopyright 1997, Gurnee Review, Pioneer Press. All rights reserved. REPRODUCTION PROHIBITED. (Hide copyright information)
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The Gurnee Park District budget approved by its board of directors April 15 decreases by 3.5 percent during the next fiscal year, compared to the current fiscal-year budget of $4.1 million, the park district announced this week.
The decrease is due to a 10 percent increase in the district's taxable value, the state's tax cap and a decline of more than $300,000 in park district bond fund expenses.
Recreation costs make up the biggest portion of the new budget at $1.5 million, followed by site and construction costs of $1.4 million.
Construction costs are mainly capital projects such as new tennis courts at Woodland Park, repair and resurfacing at Viking Park, and completion of the Ravinia, ...