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Lisle unveils $58.9M FY 2026–27 proposed budget with $11.2M in capital projects
Summary
Deputy Village Manager/CFO Mitchell presented a $58.9 million proposed FY 2026–27 budget that uses roughly $7 million of reserves to fund one-time capital, includes $11.2 million in capital projects (Main Street streetscape, road rehabilitation, floodplain acquisition) and sets aside $700,000 for lead service line replacements.
Deputy Village Manager and CFO Mitchell presented the Village of Lisle’s proposed FY 2026–27 budget to the Committee of the Whole, outlining revenue, expenditure and capital plans ahead of the scheduled April public hearing and final adoption.
Mitchell said the proposed budget covers 17 funds with total revenues of $51,931,467 and proposed expenditures of $58,922,289, with the gap funded by a planned use of about $7 million in reserves for one-time capital investments. He described the general fund as structurally balanced before transfers and noted staff recommended an abatement of $315,000 of the corporate portion of the levy to slightly reduce residents’ tax burdens.
Capital highlights include $11.2 million in projects for FY26–27 and a five-year capital improvement program totaling about $45.3 million. The FY26–27 package includes a Main Street streetscape rehabilitation ($3.95 million), the road rehabilitation program (~$1.4 million), a floodplain property acquisition and demolition program ($2 million), facility improvements for village hall and police ($855,000) and $700,000 allocated to lead service line replacements. Mitchell said the village has 24 lead service lines identified for replacement.
Trustees questioned the unfunded portion of the five-year CIP (Mitchell said approximately $6.5 million is unfunded) and discussed funding options including transfers, grants and debt. Several trustees emphasized the importance of not deferring critical maintenance and urged that one-time reserve uses be tied to clearly scheduled projects. Trustee Nielsen recommended that, if a surplus appears during the audit, staff consider a budget amendment to increase pension contributions.
Mitchell described major revenue sources: taxes (about $27.6 million, roughly 53.1% of total revenues), utility sales (~$6.6 million), and transfers in (~$5.0 million). He said the FY26–27 budget incorporates the rate changes recommended in the water and sewer study earlier in the meeting. The budget schedule: a public hearing on April 6 (budget summary presentation) and final budget presentation and expected approval on April 20.
Next steps: staff will present the budget at the April 6 public hearing and return for final approval April 20; staff also will monitor fiscal-year performance during the audit process and may propose amendments if surpluses become available.
