Statement of Revenues, Expenses and Changes in Net Position

significant street and utility system improvements. Most significantly, the White Pines main water line replacement project was substantially completed by winter of 2021.

 The Village received an upgrade in their bond rating from S & P Global this year to

“AA/Stable” from “AA-“ in previous years. This was the result of a concerted effort by management to improve both financial policies of the government and its financial condition over the last several years. New initiatives this year included a debt management policy and enhanced quarterly reports to the Board. The higher bond rating will enable the Village to issue debt at lower costs to its residents.

 In December 2021, the Chicago Department of Aviation finalized the extension of runway 9R/27L and effectively finalized the O’Hare Modernization Program that began in 2005.

With the airfield fully built out, the Bensenville-led initiative to provide nighttime relief from aircraft by rotating the available runways can finally come to fruition. The O’Hare Noise

Compatibility Commission is expected to approve the rotation plan in mid-2022 with final

FAA approval and implementation in late 2023 or 2024.  In November of 2021, Bensenville joined the City of Wood Dale, Village of Itasca, Village of Roselle, Village of Schaumburg, Village of Hanover Park, Village of Bartlett, City of Elgin, and DuPage County in forming a coalition to block Canadian Pacific’s planned merger with

Kansas City Southern. The merger, if approved as proposed, would increase the number of freight trains along the Milwaukee District West line by at least eight (8) trains per day constituting a 300% increase. Furthermore, truck traffic into the Bensenville Yard is expected to increase by 300 trucks a day. The Coalition to Stop CPKCS is structured to defray the costs of opposing the merger by sharing the fees of various engineers, attorneys, railroad experts, and public relations consultants. A decision on approving the merger is expected from the Surface Transportation Board (STB) in late 2022.

 Industrial properties in Bensenville had potentially their best year on record. The Village of

Bensenville saw over 1.67M square feet of total development, including four of the largest projects in DuPage County in 2021. Commercial investment was similarly high, including a new ground-up development of a national retailer, O’Reilly Auto, and the expansion of local auto dealership, Grand Subaru. The Village also launched its “Think Bensenville” marketing campaign, geared towards attracting new businesses to the Village.