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East Dundee presents balanced 2025 budget that fully funds police pension, ties water decisions to budget
Summary
Staff presented a balanced 2025 budget that aims to fully fund the police pension (about $1.2M), maintain 35% reserves for general and water/sewer funds, and includes $6M in new initiatives and multiple capital projects; trustees discussed project timing, grant prospects and staffing additions.
Village staff presented a proposed 2025 budget on Nov. 4 that budgets continued surplus management, fully funds the police pension and earmarks funds for capital projects and new initiatives.
Brandice (staff presenter) told the board the village has accumulated significant cumulative cash, has reduced long‑term bond exposure from prior years and estimates roughly $11 million of long‑term bond obligations remaining at the end of 2025. The proposed budget budgets a full police pension contribution (presented as about $1.2 million), continues a policy to hold 35% reserves in both the general fund and the water/sewer fund, and contemplates using cash reserves or TIF increments to support major priorities.
The budget packet includes approximately $6 million of new initiatives across funds, a proposed $42,000 GIS build and a new management analyst position split across departments. Staff also proposed Everbridge emergency notification software and a community engagement tool, and noted one additional full‑time police officer is budgeted to reach full staffing.
Board discussion covered revenue sources (sales tax, TIF increments and state distributions), debt service schedules and capital priorities. Trustees and staff flagged several capital projects for grant pursuit or phasing, including a downtown parking garage completion, Barrington Avenue utility work tied to a potential data center agreement, and a Summit Avenue stormwater project where FEMA funding is being pursued.
Trustees discussed the tradeoffs of funding water infrastructure projects by rates versus using other funds. Staff said the water/sewer fund proposal includes lead service line replacements and utility extension work tied to economic development; the board made no final funding reallocation but asked for continued coordination between budget adoption and any rate decisions.
The board praised staff for presenting a balanced budget and requested continued refinement; no formal budget adoption occurred at this meeting. The tax levy will be discussed at a subsequent meeting, and staff indicated they will return with more detailed financial schedules and any recommended adjustments ahead of adoption.
