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Westmont committee reviews $120 million 2026 budget, proposes telecom tax cut and new bond issuances
Summary
Westmont’s administration and finance committee reviewed a proposed $120 million 2026 budget with $54 million for capital projects, including a $30 million fire station bond and a $4 million water loan after $1.6 million in SRF forgiveness; staff also proposed reducing the local telecommunications tax from 6% to 5%.
Westmont’s Administration and Finance Committee on Nov. 13 reviewed a proposed 2026 spending plan of about $120 million that officials said is driven primarily by capital work, including a $30 million bond for a new fire station and roughly $4 million in water-system debt after federal or state loan forgiveness.
Director Alan Altek, who led the finance presentation, described the budget as one of the largest in recent memory and said capital projects account for approximately $54 million of the total. He told the committee the village will use a little over $10 million of fund…
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