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Villa Park council adopts FY 2025–26 operating budget and seven‑year CIP
Summary
The Villa Park City Council on a 5‑0 vote adopted a balanced fiscal year 2025–26 operating budget and a seven‑year capital improvement plan, with staff saying the city maintains about a 50% reserve and is improving pension funding levels.
The Villa Park City Council adopted the city’s fiscal year 2025–26 operating budget and seven‑year capital improvement plan on a 5‑0 vote.
City staff said the budget meets the statutory requirement to be balanced and funds the same level of services for the coming year. “We had two budget study sessions — one on April 7 and one on May 5 — in which we provided information to the council on our financial position and went through various policy details,” a staff member said during the hearing.
The staff report presented summary figures showing roughly $6,000,000 in annual revenues and $7,000,000 in expenditures; officials explained that the city applies an undesignated fund balance carryforward to capital projects rather than borrowing. Staff said the city currently maintains an approximate 50% reserve and that pension liabilities are about 80–85% funded and trending upward toward roughly 90% over the coming years.
Council members asked no substantive follow‑up questions during the hearing. Staff thanked finance team members Lee, Alyssa and Charice for preparing the budget documents and noted the detailed budget is available online for public review.
The council voted to approve the budget and the capital improvement plan; the clerk recorded the motion and the measure passed by a five‑zero vote.
City staff said the budget documents are available online and hard copies can be provided on request for residents who wish to examine individual line items.
