Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Villa Park presents draft 2026 budget; officials flag pension, insurance and capital needs
Summary
At a special Oct. 20 Villa Park Board of Trustees meeting, staff presented a draft FY2026 budget projecting $27.1 million in general-fund revenue and outlining pension shortfalls, insurance and software cost pressures, capital projects, and TIF-funded initiatives. Trustees asked for more detail and for a public hearing on the levy and budget.
Village Manager Rivas and department leaders presented a draft fiscal year 2026 budget at a special Villa Park Board of Trustees meeting on Oct. 20, laying out a projected $27,100,000 in general-fund revenue and a slate of staffing, insurance and capital needs that trustees said require closer review before adoption.
The budget presentation identified two immediate pension funding requests: a $2,500,000 request from the police pension board and a $1,300,000 request from the fire pension board “to prevent negative funding,” Manager Rivas said. Finance Director Susie Micah told trustees the draft assumes a 2.9% property-tax levy increase aligned with the U.S. Bureau of Labor Statistics CPI figure the village may use when it brings the levy to the board in November.
Why it matters: Trustees and staff said the village is trying to reconcile recurring operating needs with one-time or constrained revenues while also correcting earlier budget presentation errors. Micah said the draft corrects an overstatement in the current book that attributed…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
