The Village of Deerfield reported stronger-than-expected revenue through June 2025, Treasurer Eric told the Board of Trustees on July 21, saying year-to-date sales-tax receipts exceed both of the prior two years and interest income is outperforming the budget.
The treasurer said the village received hotel-tax payments from five hotels (one paid shortly after month end), the first installment of Lake County property taxes including some tax-increment financing (TIF) increment, the bulk of annual vehicle-license revenue, a qualified energy-conservation bond rebate tied to 2011 treatment-plant bonds, and an additional motor-fuel-tax allotment for the high-growth cities program.
Those receipts helped the village finish the first half “all up to date,” Eric said. On the spending side, he told trustees the June period included construction and engineering costs and the village’s share of net operating costs for the Patty Turner Center under an agreement with the Park District. He added that the village faces larger scheduled outlays later in the year: the village’s contribution to the police pension fund, debt-service payments, and budgeted transfers to the refuse and infrastructure-replacement funds.
Trustees moved and approved routine minutes and payroll items during the meeting; the treasurer invited questions but no substantive changes to the budget were proposed at the July meeting.
The treasurer did not provide detailed dollar amounts for most line items during the presentation; the report noted only the vehicles and bond-rebate items among receipts and said large expenditures are forthcoming. Trustees asked no follow-up that changed the report’s figures at the meeting.
Ahead: staff and trustees will consider those scheduled obligations in later budget discussions and as part of second-half monitoring, the treasurer said.