The Village Board unanimously approved a $5,812,600 tax levy and the 2007 municipal budget Nov. 30.
Taxpayers can expect a tax rate of $6.22 per $1,000, an increase of 39 cents - or 6.7 percent - from last year for the village portion of their tax bill.
The total levy increased by $386,030, a 7.11 percent increase from the 2006 budget.
The revenue raised through taxes and fees will go to pay for a $6,439,410 general fund budget.
Overall, the budget increased $161,840 - 2.6 percent - from the previous year.
More than half - 53 percent - of the general fund budget will be spent on salaries and benefits.
Another 24 percent of the budget will be spent on shared services, such as the library and the North Shore Fire Department.
The village's fund balance is expected to be $992,311 at the end of 2007. That amount represents a $28,927 - or 2.9 percent - decrease from this year.
Your link to the biggest stories in the suburbs delivered Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
- Fox Point footbridge rekindles memories
- Interactive North Shore school tax roundup: who's up and who's down in 2015
- Governor's race draws strong turnout on North Shore
- Fox Point village manager poised to resign after public backlash
- Fox Point residents question village leadership after seven municipal workers leave in last year
- Trial by fire for new Fox Point police chief
- With state funding tied to enrollment, North Shore public schools turn to marketing
- Voter turnout high in North Shore
- Fox Point police chief retires after 18 years
- Footbridge construction a month away in Fox Point