Barrington trustees approved a 2012 operating budget that is conservative and maintains village services.
“This is primarily a maintenance budget. We have been very conservative in our revenue estimates due to the unpredictability of the economy,” said Jason Hayden, director of community and financial services for the village.
The good news for is that revenue is up for the second year in a row.
“This is the second year in a row our revenue is expected to grow, after prior years when it decreased. That is a good trend we are back on, “ Hayden said.
The bulk of revenue in the budget comes from charges for village services.
Revenues are estimated at $15,788,810 and expenditures are budgeted at $15,511,475, leaving a surplus of $277,335.
Hayden said the village has worked at operating efficiently. Village staff was reduced by 17.5 percent since 2008.
The largest area of expenditures in the budget is for the road program at $1.6 million. The second major expense is for infrastructure expenses at the Hough-Main redevelopment area.