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Oak Park finance committee reviews $96.4 million FY2026 request, levy rise tied to pensions
Summary
Oak Park's finance committee reviewed a $96.38 million FY2026 budget request and proposed tax-year 2025 levy that staff said would raise roughly $52.3 million in property-related levies; trustees were told most of the year-over-year levy increase is driven by pension obligations rather than new discretionary spending.
Village Manager Jackson presented the finance committee with the village's FY2026 budget request and levy figures, saying the combined levies and property-tax requests total $52,297,928 and the proposed requested budget is $96,377,837. He told trustees the recommended levy represents about a 4.98% change year over year and that the pension levy accounts for the largest portion of the increase.
The presentation highlighted components of the request: a firefighter pension request of roughly $7.4 million, a…
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