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West Chicago committee backs downtown revitalization fund in proposed $68.3M FY2026 budget
Summary
Finance Committee reviewed a $68.3 million FY2026 budget and expressed support for creating a downtown revitalization fund seeded by surplus above the city's 35% reserve; staff proposed an initial $200,000 transfer and a phased surplus allocation over three years.
The West Chicago Finance Committee on Nov. 3 reviewed a proposed $68.3 million fiscal year 2026 budget and signaled support for a new downtown revitalization fund to be seeded with surplus above the city's 35% reserve policy.
Ms. Sima, the staff presenter, said the total FY2026 budget is $68,300,000, an 18.85% increase from the prior year driven largely by capital projects including Community Park and a downtown modernization program. She told the committee the general fund, which supports day-to-day city operations, totals $24.1 million, roughly a 2% increase.
The nut of the staff proposal is a new downtown revitalization fund to be started with a $200,000 transfer from the Community Park Fund and future…
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