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Vernon Hills presents balanced FY2026 draft budget, keeps AAA rating while adding targeted staff and tech requests
Summary
Village staff presented a balanced FY2026 draft budget that retains a AAA bond rating, projects an ending general fund balance of about $40 million, and includes placeholders for a full-time police social worker, Axon reporting upgrades, and the LACOM dispatch transition.
The Village of Vernon Hills on March 4 reviewed a draft fiscal year 2026 budget staff described as balanced and fiscally strong, with a projected FY25 ending general fund balance of roughly $40 million and a maintained AAA credit rating.
Finance Director Tom Lyons said the village projects general fund revenues to finish FY25 at about $37.9 million—roughly $332,000 over budget—and expects the FY26 budget to assume sales-tax receipts above $19 million. "Our current budget is balanced and includes a comfortable surplus," Lyons said, noting fund balances provide more than a year of recurring expenditure coverage.
The draft budget covers the village (excluding the golf fund, which will be presented March 18) for the period May 1, 2025–April 30, 2026. Staff outlined key assumptions:…
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