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Shorewood trustees review 2026 budget; staff flags $410,241 shortfall and options to close gap
Summary
Finance staff told the Village Board’s Committee of the Whole that the preliminary 2026 budget shows a $410,241 deficit and a 3% property tax increase built into the draft; options discussed included using the parking fund, spending down reserves, or raising the levy within Department of Revenue limits.
Shorewood trustees were briefed on the village’s preliminary 2026 budget on Sept. 15, where finance staff reported a $410,241 gap in the draft and said the budget currently includes a planned 3% increase in the property tax levy. The memo and presentation identified lead service line replacement, future public‑works facility planning, and continued streetlight system upgrades as major cost drivers. Scott, the village finance director, said workforce costs include projected wage increases of 3–3.25% and a built‑in 3% rise in health‑insurance costs. The nut graf:…
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