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Salem Lakes board adopts 2026 budget, holds mill rate largely steady
Summary
The Village of Salem Lakes adopted its 2026 budget with a proposed mill rate of $3.18 — a $0.23 increase per $1,000 of assessed value — and approved moving surplus funds into the capital improvement fund. The motion passed 5–1.
The Village of Salem Lakes on Nov. 18 adopted its 2026 budget, approving an overall plan that officials say funds needed infrastructure work while keeping the village tax rate relatively low. Trustee remarks during the meeting put the proposed mill rate at $3.18, an increase of $0.23 per $1,000 of assessed value compared with the prior year.
Jay, a staff member involved in the budget…
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