Campton Hills adopts fiscal policy directing certain new tax revenue to road capital, adds monthly reporting

The Village Board approved Ordinance 25-23 and an accompanying fiscal policy that directs revenue from specified new municipal taxes into a capital account for road projects.

Board members said the policy clarifies how user-fee and new tax revenues will flow: taxes are received into the general fund and then allocated to a segregated road capital subaccount, and the fiscal policy is intended to legally bind that allocation as the exclusive use for those revenues. Trustees debated reporting frequency and amended the policy during the meeting to replace the word “regular reporting” with “monthly reporting.” The board approved the change and then adopted the fiscal policy by roll call.

Village staff described the fiscal policy as a companion to previously approved ordinances imposing the new taxes. Trustees asked that monthly reports from the treasurer/administrator be provided to the finance committee and the public works committee, and that the reports be included in the treasurer’s regular monthly report to the board. The policy does not, by itself, change existing budget appropriations; it sets a directive on how revenue from specified municipal taxes should be reserved for road capital projects and requires monthly transparency to the board and committees.

Trustees were clear that the policy is a “backstop” intended to preserve the funding stream’s use for roads even under future administrations. The ordinance language and the required reporting schedule will be implemented by the clerk and finance staff.