VILLAGE OF BUFFALO GROVE, ILLINOIS Management’s Discussion and Analysis (Unaudited) December 31, 2020
The Police Protection levy increased $.2 million (4.8 percent) and the Fire Protection Levy decreased $.2 million (3.0 percent). The total tax levy decreased .16 percent due to $.6 million in abatements. Sales and use tax increased by $0.3 million compared to the previous year primarily due to sales tax (net of rebates) declining 2.7%. Utility taxes decreased $0.2 million compared to prior year. Income taxes continue to rebound increasing $0.1 million from FY 2019, a 2.2 percent jump. Real estate transfer taxes stayed consistent with prior year. Income tax and sales and use tax are key indicators for the Village of Buffalo Grove’s local economy and are improving year over year. Expenses: The cost of all governmental activities this year was $42.2 million, a decrease of 11.5 percent from 2019 ($47.7 million). The largest decrease was made in Public Safety expenses $4.1 million in 2020. Public Works expenses decreased by $2.5 million (24.5 percent).
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