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Manteno preliminary FY2027 budget shows roughly $1.8 million shortfall; trustees consider cuts
Summary
Village staff reported a projected $3.2 million shortfall for the current fiscal year and that the preliminary FY2027 budget currently shows about a $1.8 million deficit, driven by rising pension and payroll costs, lower intergovernmental revenue and legal fees tied to litigation; trustees discussed options including reducing the garbage subsidy and delaying capital purchases.
Staff presented the village's preliminary budget for fiscal year 2027 and an updated estimate for the current year, prompting trustees to press for additional detail on costs and possible cuts.
Chris, a village staff member who led the presentation, said the current fiscal year could finish about $3.2 million in the red and that the preliminary FY2027 budget as presented would run about a $1.8 million deficit. He identified several contributors: a police pension increase (about $76,000), an intergovernmental revenue reduction (about $107,000),…
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