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Motor fuel tax fund shows planned deficit as village allocates $2.75M to annual road program
Summary
Presenter said the Motor Fuel Tax fund projects $1.825M in revenue and $2.95M in expenditures for 2026, leaving a planned deficit that will rely on reserves and capital fund support; trustees confirmed IDOT high-growth allotments are included.
Trustees reviewed the Motor Fuel Tax (MFT) fund numbers for 2026 and discussed how the annual road program will be funded.
Presenter said, "Revenue is projected at $1,825,000 and expenditures at $2,950,000 which leaves a deficit of $1,125,000," noting that $2.75 million of the expenditure is for the annual road program. The presenter explained the deficit is a planned use of excess reserves and that the annual road program also draws on the capital fund.
Presenter noted Oswego receives supplemental high-growth allotments from IDOT; a conservative $150,000 was included in the 2026 budget with hopes actual allotments could be higher based on recent years. Trustees asked for a simple list of what the $2.75 million for public improvements includes; presenter said that is the village's annual street maintenance program but deferred specifics to Public Works staff.
Next steps: staff will supply additional line-item detail on the annual road program if trustees want it; no vote was taken at this workshop session.
