Oswego presents $32.7 million capital budget plan for 2026; public works facility funded from reserves

At a Village of Oswego Committee of the Whole budget workshop, staff presented the proposed fiscal year 2026 capital budget and a slate of capital projects that together will draw from the village’s reserves to fund a new public works facility and multiple infrastructure projects.

Andrea (staff member), who led the presentation, said the capital program lists 42 projects and 12 vehicles for 2026, “total[ing] over a $125,000,000 scheduled for next year.” She told trustees the proposed capital fund revenues for 2026 total $32,741,959 and that $10,530,000 of that amount is a planned transfer from excess general‑fund reserves specifically earmarked for the public works facility.

Why it matters: The village is proposing to use cash reserves rather than issuing debt for the public works facility, a decision that affects how much of the capital‑project pipeline can be paid for in the near term and how quickly reserves will be replenished.

The budget sheet presented shows capital fund expenditures budgeted at $34,800,000, leaving a projected 2026 deficit of roughly $2 million and a projected ending unrestricted capital fund balance of about $17 million. Village staff cited two of the largest project drivers as Wolf’s Crossing (the full Wolf’s Crossing at Douglas project…