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Lake Bluff trustees approve warrants, hear finance report showing mixed tax results
Summary
Trustees approved the village warrants for March 10–30, 2026 and accepted the February finance report. Finance staff reported February sales tax at $356,724 (a 10.3% decline year-over-year) but year-to-date revenues remain up about 4.4%. Trustees also asked for clarification about impact fees tied to a three-unit condo project.
The Lake Bluff Village Board approved the warrants report covering March 10–March 30, 2026 and accepted the February finance report during its March 9 meeting.
Staff presented the warrants packet showing expenditures totaling roughly $930,009.72 (read aloud in the packet as $930,009.00 $1.72). A trustee asked whether the impact fees recorded were collected and then distributed to various taxing districts; finance staff (Bettina) explained that fees relate to a three-unit condo project at 120 East Grinton, that a 3-bedroom condo unit carries a per-unit impact fee "a little over $30,000," and that proceeds are split among schools, the library and the park district with some funds transferred internally.
On the February finance report, Bettina said February sales tax revenue totaled $356,724, a 10.3% decline from the prior year, while cumulative year-to-date performance remained positive at about 4.4%. Trustees moved to accept the report; the motion carried.
The board also discussed the village’s inventory of lead service lines in a separate administrator report: staff said the village currently identifies roughly 111 lead service connections and that totals could change as more inspection occurs; staff will continue to refine the inventory and consider policy options for cost participation.
