Niles approves $127 million budget; revenue, expenses up 8%

The Niles village board approved its $127 million budget for the 2025 fiscal year, which begins May 1, at the board of trustees meeting on April 23. The figure includes tax increment financing operating expenses and capital improvement projects for the village. The board approved the budget with an 8% increase in revenue and an 8% increase in expenses. The budget includes $30 million in capital improvement projects and $10 million in grants from the state and federal government. Revenue The budget expects a 1% increase in sales tax from the 2024 fiscal year to the 2025 fiscal year, which […]