Addison board adopts 2025–26 budget, plans $12.9 million in water-sewer capital work
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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 under $50.8 million and budgeted General Fund expenditures are just under $53.7 million, leaving a projected fund balance equal to 53% of expenditures. The Water-Sewer Fund shows slightly more than $27.4 million in revenues and roughly $26.0 million in expenditures, a projected 29% fund-balance ratio.
The approved capital program includes nearly $12.9 million in water-sewer infrastructure spending. Officials said about $8.2 million of that is tied to a combined sewer separation project and will be partially funded with a $3 million grant. An additional $4.7 million is slated for a phosphorus removal and plant consolidation project; funding sources listed in the presentation included home-rule sales tax, an EPA fee and an interfund transfer from the Water-Sewer operating budget.
Other budget highlights disclosed in the presentation: about 55% of total expenditures are for operations (personnel, services and supplies), 22% for capital projects, 3% for debt service, 5% for police pension and 15% for interfund transfers. The MFT fund will include roughly $5.6 million for annual road resurfacing, street maintenance and sidewalk work; one street project will be partially funded with a CDBG grant. The public-building fund includes $5.5 million for multiple facility projects, including a fuel island replacement, a new generator at Village Hall, HVAC work at the police station and a departmental remodel.
The budget was presented at a noticed public hearing and then recommended by the combined committees before inclusion on the board’s consent agenda. Committee and board votes approving the budget and the consent agenda were recorded as affirmative by attending trustees.
The complete budget document will be posted to the village website at addisonadvantage.org after the start of the fiscal year on May 1.
