Community Corner

Frankfort Village Board Approves Fiscal Budget

The Frankfort Village Board authorizes infrastructure expenditures.

The Frankfort Village Board approved the 2013-2014 budget at the regular meeting on April 29.

A total of $12.2 million was budgeted for the general corporate fund and $6.7 million for the utility fund. The budget went into effect Wednesday.

Also approved by the board was the corporate capital and utility capital budgets. "These funds provide capital funding for larger, multi-year projects that are not part of the day-to-day operations of the village," said Mary Canino, community relations director.

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The corporate capital fund is slated to expend $6.3 million, while the utility capital fund is to expend $8 million.

Among the village's major projects for this fiscal year is the variety of public infrastructure projects, which includes the Route 30 improvement project, the installation of a traffic signal at Route 45 and the newly constructed Market Street. In addition, the village has scheduled the addition of two right-turn lanes on Route 45 to accommodate traffic.

Find out what's happening in Frankfortwith free, real-time updates from Patch.

Road resurfacing will continue throughout the community and with a "proactive approach," said Canino. The village expects to spend additional funds on the replacement of water mains and the lining of sewer mains within the utility system. Funding has also been provided for storm water improvements and bike path development within the community.

“Even in these difficult economic times, the Village of Frankfort, through our conservative budgeting practices, can continue to provide essential services to our residents such as quality police protection, code enforcement inspections, branch and leaf pickup, public grounds and street maintenance while maintaining a balanced budget. Thanks to our village staff for their efforts to contain and reduce costs within their departments,” said Mayor Jim Holland.

The budget is balanced, he added. That's due to a "tradition of providing quality service through conservative fiscal management."

 

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