Lisle presents FY 2025-26 budget; board approves limited property tax abatement

Deputy Village Manager and Chief Financial Officer Sarah Mitchell on March 17 presented the Village of Lisle’s proposed fiscal year 2025-26 budget, saying the fiscal year begins May 1 and concludes April 30 and that the budget was developed starting in October with final approval scheduled for April 7.

The presentation outlined revenue and expenditure changes driven by updated sales-tax projections and board directions taken at February 17 and March 3 meetings. Mitchell said the proposed budget includes a $1,000,000 transfer from the general fund to the police pension fund and a $600,000 transfer to the capital improvement fund to pay for police facility carpet replacement and firing-range improvements. She told the board the proposed budget “accounts for total revenues of $51,741,045 and total expenditures of $58,226,095,” and later noted an updated sales-tax projection that raised a current-year estimate discussed in the presentation.

Why it matters: trustees and members of the public framed the budget against a backdrop of concentrated sales-tax revenue, a long-term target to fully fund the police pension, and an active capital…