A local government fiscal and budget watchdog group endorsed DuPage County, Ill.’s proposed $432 million 2013 budget, which leaves a healthy fund balance intact while also holding the line on its property tax levy and reducing headcount.

The spending plan holds the property tax levy flat for the third consecutive year, according to the review conducted by the Civic Federation of Chicago. Appropriations are down slightly as seven positions will be cut. The plan maintains a fund balance of $61.8 million that equals 47.2% of annual general fund expenditures.

With the exception of a slight decline during the economic downturn, the county’s fund balance ratio has increased steadily since 2006. The county, located just west of Chicago’s Cook County, carries top credit ratings.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.