The 2007-08 budget will be the topic of a public hearing at 8 p.m. Thursday in Village Hall.
Mayor Kurt Lindstrom announced that the board members have been working on the spending plan for several weeks. The new proposal is available for review in the village clerk's office.
The budget presented by the mayor has a 4.25 percent tax rate increase, but a preliminary spending plan that the full board has been working on has an increase of less than 1 percent.
The preliminary budget totals $1,967,256, while the mayor's original proposal totaled $2,008,007.
Lindstrom said figures will be frozen until the hearing Thursday.
Public safety costs account for one of the largest portions of the budget. The current public safety budget is $440,809; the preliminary budget calls for $480,681.
Employee benefits account for more than $300,000 in the plan. The amount includes retirement, disability insurance and medical insurance for employees.
An agreement with US Energy will be considered for potential revenue for the village. US Energy has requested permission to drill gas wells near the former lower reservoir near King Road.
Several Fire Department issues were reviewed by board members. The board backed a proposal to create a junior firefighters program for the department. Assistant Chief Jeff Griewisch said it will follow the guidelines of the Boy Scouts' Fire Explorers.