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Martin's Additions council introduces FY26 budget, flags ARPA and interest effects; tax rate unchanged
Summary
Treasurer reported the village about $600,000 ahead year‑to‑date but cautioned that ARPA funds and higher interest income materially affect the baseline; the council voted to introduce the FY26 budget and a tax‑rate resolution (unchanged) to begin the public‑notice process.
The Martin's Additions council introduced the fiscal year 2026 budget after a treasury update showing the village is currently about $600,000 'in the black' for the year, driven in part by one‑time ARPA allocations and elevated interest income.
Treasurer Jeff said the recurring baseline is weaker once one‑time 'sweeteners' are removed; staff estimated a FY26 surplus of roughly $100,000 after excluding ARPA and unusually high interest. Councilors discussed modest line‑item adjustments for inflationary pressures (administration, salaries, contractor costs for street cleaning and waste collection) and briefed on mandatory ARPA tracking: roughly $300,000 of ARPA funds remained and must be allocated to existing contracts.
The council moved to introduce the FY26 budget to satisfy the charter requirement for at least 30 days’ notice before adoption and also introduced a tax‑rate resolution that keeps rates unchanged from the prior year. Both introductory motions passed by voice vote; staff will publish the budget and set a public hearing in May per charter rules.
Next steps: staff will post budget documents, identify which line items use ARPA funds, and schedule a public hearing at least 30 days after introduction; council adoption remains subject to the public hearing and any amendments.
