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Glencoe finance committee reviews draft 2026 budget, highlights $92.1M 10-year CIP and levy strategy
Summary
The village presented a draft 2026 operating budget and a $92.1 million, 10-year Community Investment Program. Staff said the property tax levy request follows a 2.9% Department of Revenue guideline and will rely in part on one-time reserve use and proposed bond financings; no adoption took place.
The Village of Glencoe' finance team presented the draft 2026 operating budget and a 10-year Community Investment Program (CIP) to the committee in a public meeting.
Staff said total operating funds are about $52 million in revenue against roughly $58 million in proposed expenditures and that the 10-year CIP totals $92.1…
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