Adopted Budget

Current and prior year copies of the Biennial Budget are available for public inspection at Village Hall, the Public Safety Building, the Lake Bluff Library, and by clicking on the links below. For additional information regarding the budget, please contact Finance Director Bettina O'Connell.

FY2023-2024 Biennial Budget (5/1/2022 - 4/30/2024)

FY2021-2022 Biennial Budget (5/1/2020 - 4/30/2022)

Budget Update for FY2022 (5/1/2021 - 4/30/2022)

Capital Improvement Plan. The Capital Improvement Plan is the Village's long term plan for infrastructure maintenance, repair, and replacement. It is reviewed and adopted annually as part of the Village budget.

FY2022 Capital Improvement Plan

Compensation. The Village publishes employee compensation information periodically.

Public Act 97-0609 Total Compensation Package Disclosure (08/15/22)

Collective Bargaining Agreements. Some classes of Village employees are represented by a bargaining unit (union), and their pay is set by the agreement between the Village and the bargaining unit:

Pension and Retirement Systems. Village employees participate in one of two retirement systems:

  • The Illinois Municipal Retirement Fund (IMRF) provides retirement, disability, and death benefits for most municipal employees in Illinois except law enforcement, firefighters, City of Chicago employees, and Cook County employees. As of 2019, IMRF held $44.8 billion in assets; on an actuarial basis, these investments are forecast to pay 90.7% of IMRF's anticipated expenses (the coverage ratio).
  • The Village's Police Pension Fund provides retirement, disability, and death benefits for the Village's sworn police officers. As of 2019, the Police Pension Fund held $10.35 million in assets; on an actuarial basis, these investments are forecast to pay 54.1% of the Fund's anticipated expenses (the coverage ratio).

Health Insurance. The Village, as a participant in the North Shore Employee Benefit Cooperative ("NSEBC"), is required by law to publicly disclose pricing information via machine-readable files on its website. These files are for use by technology developers and are not written in English. The machine-readable files applicable to the NSEBC's health plans are available here.