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Carol Stream projects $7.36 million FY26 surplus, proposes $6 million police pension payment in FY27
Summary
Village staff told trustees that strong sales-tax growth pushed projected FY26 revenues about $2.7 million over plan and a total surplus near $7.36 million; staff proposed transferring $3 million to capital projects and increasing the FY27 police pension contribution to $6 million (actuary recommendation: $4 million).
Carol Stream officials told the village trustees at a special budget workshop that unexpectedly strong sales-tax receipts have produced a materially larger projected surplus for fiscal 2026 and enabled a proposal to accelerate payments to the police pension fund.
John Batac, the staff presenter, said year-end revenues are now projected to be about 7.3% higher than earlier estimates—roughly $2.7 million above plan—driven mostly by sales tax increases that began showing effects in June after state law changes. "In June this past year, I ran up to the manager's office and said, Bill, it starts…
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