Lake Forest Fall Dialogue 2017 Fall 2017 | Page 2

Family Education Mayor’s Message “If Lake Forest were an island, our excellent financial position would not be challenged.” Lake Forest IS in excellent financial condition. That was my bottom-line message at the recent Chamber of Commerce Annual Luncheon, where Lake Bluff Village President Kathleen O’Hara and I were the speakers. It was a pleasure to address business owners and residents of Lake Forest and Lake Bluff, and to answer their questions. Lake Forest’s Triple A bond rating, built on sound fiscal poli- cies and ample fund balance reserves, puts Lake Forest in durable condition for the time being. Eventually, however, the inability of the State of Illinois to address fiscal issues directly with real, long-term solutions will reach our com- munity. I’ve heard these State budgeting realities and concerning trends being discussed in grocery stores, on the golf course, and at dinner parties. Lake Foresters are taking notice and asking more questions of State and local officials they elect to office. For decades, the City Councils and staff of the City of Lake Forest have routinely and thoughtfully made budget deci- sions consistent with sound long-term solutions. This long tradition of prudent fiscal decision-making, sound practices and long-term forecasting have prepared Lake Forest well for the gathering storm over Springfield. The City Council will begin its budgeting process for Fiscal Year 2019 this September with a Special City Council Work- shop to discuss fiscal stress parameters. At this workshop, City Council and staff will discuss potential fiscal scenarios driven by the acts and omissions of the State legislature and their impacts on the City’s long-term financial plan. Staff regularly examines City operations to determine if there are more efficient or more cost-effective methods for providing services to residents. Planning, prepara- tion and proper alignment of goals and personnel are vital components of our long-term fiscal strategy. Lake Forest’s 2017-2020 Strategic Plan outlines directives thoughtfully considered, achievable and sustainable. The Strategic Plan is available for your review on the City’s website, cityoflake- forest.com. PAGE 2 Tradition Philanthropy During the past several months, the City has been in impor- tant discussions with the Lake Forest School Districts 67 and 115. Among the unfavorable scenarios being discussed in Springfield, such as some versions of school funding reform, a property tax freeze, and transferring the obligation for funding pensions to local school districts, will put most units of local government into fiscal danger if the State of Illinois decides to move in one or more of these directions. Since the public schools account for more than 50% of your tax bill, and our schools are a significant reason people move to our community, it is prudent and in all of our best interests to engage in joint, long-term financial planning. On that note, I encourage you to attend a community forum that the City is co-hosting with the public school system on Tuesday, October 3, 7 p.m. at Gorton (see page 3). This public forum will give you a chance to learn more about the situation and ask questions of elected officials and staff. I and the City Council appreciate your interest, ideas and opinions on this topic and all others. Please continue to communicate with us. Our contact information is listed on the back of the Dialogue. Robert T.E. Lansing Mayor, City of Lake Forest