With this edition of the newsletter, the Village of Norridge switched back to the traditional paper method (and distribution by U.S. Mail as an enclosure in the water bill), due to numerous complaints from many of our residents who do not have access to computers and/or the internet. Keep in mind the newsletter will only be issued twice-a-year, during the Spring/Summer season and the Fall/Winter season.

 

I want to make you aware of something that the Village of Norridge Administration is very proud of. Cook County Treasurer Maria Pappas recently made public the results of her office’s Debt Disclosure Ordinance Compliance Reports. The Cook County Board of Commissioners recently passed an amendment to Section 2-243 of the Cook County Code of Ordinances, which is commonly referred to as the Debt Disclosure Ordinance (DDO).  This amendment requires every local taxing agency in Cook County to annually submit to the Cook County Treasurer’s Office an electronic copy of the taxing agency’s most recent financial statement, together with certain other financial disclosures, for publication on the Treasurer’s web site.  The complete list of respondents (agencies) that have complied with the DDO, as well as a list of those who have not complied to date, can be found at the Cook County Treasurer’s web site
www. cookcountytreasurer.com/ddocompliancereports.aspx.

 

Based on the published disclosures provided by agencies to the Cook County Treasurer pursuant to the Ordinance, I am happy to report that as of August 29, 2011, the Village of Norridge is ranked third in having the lowest Debt to Revenue Ratio (14.44%) out of the 120 cities and villages which have responded.  In essence this means that the Village of Norridge has very little debt in relation to our operating revenue. Our ratio is at the very low end of all suburban Cook County agencies . There are some nearby communities that have ratios in the 200-to-300%’s, indicating that their debt / liabilities are two to three times higher than their gross operating revenue.

 

In closing, I want to reiterate what I have said many times since becoming your Village President, we (the Village Board and I) will continue to find ways to provide the high level of services you have come to expect and depend on, while making every effort to limit any costs to you. Please remember to try to spend your hard earned dollars at our Norridge businesses when making your back-to-school and holiday purchases. We are largely dependent on these local sales to provide the necessary revenue to continue these services at little or no cost to you.