How much has the Village General fund budget grown since 1987?
The Village’s EAV increased from $1,163,722,833 in 1987 to $4,724,117,989 in 2008. If you factor in compounding, the average increase is 6.9% per year. The budget for 1986/87 was $26,865,350. The budget for 2009/10 is $81,502,780. With compounding that is an increase of 4.95% per year. The Village General fund budget which is made up of services to the community has grown at a much slower rate than the property value of the community.
