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Wheeling trustees approve drafting of 2% levy, 4% streaming tax and ambulance fee change to shore up FY2026 budget
Summary
Trustees directed staff to prepare ordinances for a 2% property-tax levy increase, a 4% streaming-amusement tax and matching ambulance fees to GEMT reimbursements after a budget presentation showing a slim projected surplus and medium-term revenue gaps.
The Village of Wheeling Board of Trustees on Nov. 1 reviewed a draft fiscal year 2026 budget and instructed staff to prepare ordinances for a three-part revenue package intended to stabilize future budgets.
Director Smith, the village finance director, told trustees the 2026 proposed budget shows a modest $61,000 surplus under current assumptions but that a mix of one-time recoveries and stronger-than-expected sales tax produced a larger 2025 projected surplus of about $2.3 million. Smith warned the board of growing structural pressures — a loss of a one‑time North TIF distribution in 2028 and rising pension contributions — and…
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