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Round Lake Beach adopts $45.26 million FY2026 budget; plans capital and water projects
Summary
The village board approved the fiscal year 2026 municipal budget totaling $45,261,262, including capital project funding and a small reserve‑funded gap to finance capital outlays. Finance staff said the property tax increase is 1.9% and the village holds a double‑A2 bond rating.
The Round Lake Beach Board of Trustees voted April 21 to adopt the municipal budget for the fiscal year beginning May 1, 2025, and ending April 30, 2026, with total expenditures of $45,261,262.
Director of Finance McGinley presented the budget at an open public hearing earlier in the meeting and outlined major components: personnel costs, operating expenditures divided among departments, a 10‑year capital plan, and pension and insurance items. The board approved the ordinance adopting the budget by roll call vote.
McGinle…
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