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East Dundee board adopts 2026 budget with $11.5 million in capital and initiatives
Summary
Trustees approved the village's fiscal 2026 budget after a presentation that showed a projected $7 million negative change in net position driven by TIF and water/sewer projects; the budget includes $11.5 million in capital and new initiatives and anticipates using reserves and potential loans to cover major water projects.
The East Dundee Village Board on Nov. 17 approved an ordinance adopting the fiscal 2026 budget after a presentation that detailed capital priorities, debt reductions and water/wastewater project planning.
Brandice, the staff presenter, told trustees the village expects a negative change in net position of about $7 million for 2026, primarily attributable to planned TIF and water/sewer projects. "That's primarily due to a lot of projects in our TIF and water sewer funds," Brandice said during the presentation, which included long‑term cash and debt charts.
The adopted budget funds roughly $11.5 million in capital and new initiatives for 2026, including $1.7 million in general capital projects, $724,000 budgeted for resurfacing from the MFT fund, parking garage maintenance and sensor equipment, and multiple water‑system projects such as utility extensions and standpipe rehabilitation. Brandice said the water fund items are expected to be offset in part by loans or permit‑fee revenues and that some projects will be phased by priority and funding availability.
The budget presentation showed substantial progress in reducing general obligation debt from earlier peaks; Brandice said the village anticipates general obligation balances will fall by 2026 and that some TIFs have produced revenue that can be used for projects before their expiration.
Trustees moved and seconded the ordinance and approved it on roll call. No trustees recorded opposition in the roll call for the budget motion at the Nov. 17 meeting.
