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Joliet finance director previews 2026 operating budget, projects small surplus
Summary
Finance Director Kevin Singh told the pre-council meeting the draft 2026 operating budget converts a $5.3 million shortfall into a small surplus, highlighted $11.7–$11.8 million in sewer and water capital funding, projected $7 million in general-fund revenue gains and warned rising health-insurance costs remain a long-term pressure.
Kevin Singh, the City of Joliet’s director of finance, previewed the operating budget the city will consider in December, saying the draft closes an earlier $5.3 million gap and produces a small general-fund surplus.
"We had a $5,300,000 deficit, that we're able to work through to put it together as a surplus budget," Singh said during the Nov. 17 pre-council meeting. He said the city rolled out a new collaborative financial system this year that departments use directly to enter their requests and that the presentation format will look different than in prior years.
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