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Orland Park managers present FY2026 budget plan emphasizing fund balance, bonds and targeted borrowing
Summary
Village staff presented a FY2026 draft budget that maintains a conservative general‑fund policy, plans a bond issuance tied to capital projects (anticipated to close Nov. 11), and relies on grants, TIFs and sales‑tax growth to limit direct property‑tax impacts.
Village finance staff and the village manager outlined fiscal 2026 priorities and the plan for funding major capital projects, noting a continued emphasis on preserving fund balance while using targeted debt and grants to pay for infrastructure.
Finance director Chris (last name not specified) told trustees the proposed budget follows the village’s long‑standing fund balance policy (20% minimum for the general fund) with an aspirational target nearer 40–50%. The village manager noted that the proposed budget “incorporates a funding, a 40% fund balance,” and staff emphasized maintaining prudent reserves while…
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