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Terrace Park council previews ballot levy and hears first reading of 2026 budget
Summary
Council announced a second reading of a proposed replacement/increase levy (Resolution 4-2-2025) and held a first reading of the 2026 tax budget (Resolution 5-1-2025); officials said revenues are flat while expenses rise about 15% due to capital items including an EMS vehicle estimated near $300,000 and an Elm Street water-main project.
Councilmember LeMay updated the Village of Terrace Park Council on May 13 about a planned tax levy and the first reading of the 2026 budget.
LeMay introduced the second reading of Resolution 4-2-2025, describing it as a proposal “declaring it necessary to proceed with a replacement with an increased tax levy in excess of the 10 mil limitation.” He said…
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