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Addison board adopts 2025–26 budget, plans $12.9 million in water-sewer capital work
Summary
The Village of Addison approved its fiscal 2025–26 budget after a public hearing. The $128.4 million total spending plan draws reserves to cover a projected gap and includes nearly $12.9 million in water-sewer capital projects, including $8.2 million for combined sewer separation and a $3 million grant toward that work.
The Village of Addison on April 7 approved its fiscal 2025–26 budget after a public hearing and committee review.
The fiscal 2025–26 proposed budget shows $125,782,397 in revenues and $128,373,807 in expenditures; officials said they plan to draw down reserves to cover the shortfall while maintaining fund balance policy targets. "Although the expenditures are higher than anticipated revenues, we do have a healthy fund balance that we are intentionally drawing down from," a village staff member said during the public hearing.
Village staff told the board the General Fund revenue estimate is just…
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