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Lisle staff report shows sales-tax gains and increased transfers to stormwater, capital funds
Summary
CFO Mitchell reported first-quarter fiscal year 2026 revenue above last year driven by sales tax and building permits; staff also approved larger transfers to the stormwater and capital improvement funds.
The Village of Lisle’s finance staff presented the first-quarter fiscal report Sept. 15 showing year-to-date general fund revenues of $5,881,389 through July 31, equal to 25.5% of the budgeted $23.1 million and roughly $248,000 higher than the prior year. Chief Financial Officer Mitchell said sales tax receipts were approximately $198,000 higher than the same period last year and about $616,000 above the budgeted estimate. Mitchell attributed the sales-tax growth to new retailers and growth at existing businesses and noted a change in state law effective Jan.…
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