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Wellington sets preliminary FY2026 budget at $155.7 million; millage rate held at 2.47 mills
Summary
At its June 24 meeting the Wellington Village Council adopted preliminary TRIM resolutions and previewed a $155.7 million proposed fiscal 2026 budget while leaving the municipal millage unchanged at 2.47 mills. Council approved the three related TRIM/resolution items unanimously, 5-0.
Wellington Village Council on June 24 adopted preliminary tax and assessment resolutions and heard a presentation of the village's proposed fiscal year 2026 budget, a $155,700,000 spending plan that keeps the municipal millage rate at 2.47 mills and would generate about $31 million in ad valorem tax revenue at the preliminary rate.
The presentation, led by Finance staff during the meeting, said the proposal holds the millage rate steady for the seventeenth-year average of 2.47 mills and budgets a $6.7 million (4.5%) increase over the current year largely for capital improvements, public safety, and resident programs. The council unanimously approved three preliminary TRIM/assessment resolutions on the consent agenda: the village's preliminary ad valorem millage resolution and two preliminary non-ad valorem assessment resolutions for improvement districts, each passing 5-0.
The proposed…
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