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Lisle staff propose $50.1 million FY2025–26 budget; board presses on reserves and capital funding
Summary
Village staff presented a proposed FY2025–26 budget with $50.09 million in revenues, $55.24 million in expenditures and a plan to draw capital reserves for one‑time projects. Trustees asked for more detail on reserves, training line items and the timing of capital work; public hearing set for March 17 and final approval scheduled for April 7.
Village Manager Erp Mode introduced the village’s proposed fiscal year 2025–26 budget to the Village Board Committee of the Whole on Feb. 17, proposing $50,091,045 in total revenue across 17 funds and $55,241,803 in total expenditures.
Deputy Village Manager and CFO Sarah Mitchell told trustees the proposal keeps the property tax levy flat for a eighth consecutive year at $4,900,000 and does not add new recurring revenue sources. She said the recommended budget includes $13,122,739 (presented elsewhere in staff materials, $13.1 million rounded) for capital projects, with major allocations of roughly $6.6 million for roads, $2.9 million for stormwater and $1.9 million for water main improvements.
The budget summary shows the general fund remains structurally balanced per village policy because the plan uses capital reserves to finance one‑time capital expenditures rather than relying on…
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