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Weston trustees review 2026 budget, debt service, TIF and capital plan
Summary
At a special Village of Weston Board of Trustees meeting, staff presented the draft 2026 budget, showing a planned property tax levy increase tied to higher debt service, updates on two TIF districts and a five‑year capital improvement plan that prioritizes older infrastructure and water treatment projects.
The Village of Weston Board of Trustees met in a special session to review the draft 2026 budget, including debt service, the capital improvement plan (CIP), TIF district updates and water utility projects.
The discussion centered on why general obligation and utility debt are driving part of the levy change and what projects the village plans to finance. Finance staff presented a draft levy that includes a property tax levy rate of 2.363 and a budgeted increase in debt service of $204,003.98.
The presentation explained that the village accounts for Community Development Authority (CDA) tax increment financing (TIF) debt in the debt service fund. Finance staff said the village expects no increment from one TIF this year because its debt was paid off Oct. 1; staff also reported remaining principal balances on other CDA revenue bonds.…
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