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Lockport council holds budget hearing and debates whether to capture new property-growth and CPI in levy
Summary
At a public hearing covering the draft 2026 budget, Lockport officials discussed a $92 million revenue plan, a $94 million expense projection and a proposed $8.096 million levy that includes CPI and $14 million in estimated new growth. Council debated a one-year freeze on capturing new growth, but the mayor said the levy will remain as proposed and will be voted on in December.
The Lockport City Council opened a public hearing on the proposed 2026 budget and heard a summary from finance staff before a long council debate over whether to capture new property growth and include a cost-of-living adjustment in the levy.
Lisa (city finance staff) told the council the city’s proposed budget shows $92,000,000 in revenues and $94,000,000 in expenses, with a planned use of $2,800,000 from excess reserves and a budgeted surplus of $901,300. Lisa said the city plans to use an IEPA loan of $29,000,000 toward the wastewater treatment plant and that capital construction and equipment make up roughly 57% of the $94 million in expenses.
Most of the meeting’s substantive debate focused on the…
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