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Interim finance director Scott Bordewey presents Tinley Park’s proposed FY27 budget; public hearing opens and closes with no public comments
Summary
Interim finance director Scott Bordewey told trustees the village's general fund is "healthy," citing a projected FY26 surplus of $2,620,000 and a budgeted FY27 surplus of $2,180,000; trustees opened and then closed the April 21 public hearing with no members of the public speaking.
Tinley Park trustees on April 21 opened a public hearing on the proposed fiscal year 2027 budget and heard a brief presentation from interim finance director Scott Bordewey before closing the hearing without public comment.
"I'm pleased to provide this presentation of our fiscal year 27 budget," Bordewey said, introducing himself and noting Library Director Zach Musil was present.
Bordewey told trustees the general fund is healthy, reporting a projected FY26 surplus of $2,620,000 and a budgeted FY27 surplus of $2,180,000. He listed revenues of $84,300,000 and expenditures of $82,100,000, noting expenditure growth is driven primarily by personnel and benefit increases.
He said enterprise funds are operating healthily and that capital-improvement spending was projected at $26,500,000 in FY26 and budgeted at $24,900,000 in FY27. Bordewey also described interfund transfers that include repayment of interfund payables (commonly called due tos and due froms).
Bordewey noted that the Main Street North TIF expired in 2025; the FY27 budget reflects a substantial transfer of that TIF fund balance to New Bremen. He also mentioned Tinley Park Convention Center parking lot improvements held in Fund 41.
On staffing and capital, Bordewey said new personnel requests for FY27 total $2,400,000 (all in the general fund). Total capital requests submitted equal $62,700,000, with $46,500,000 recommended for approval.
He highlighted that the village is meeting its reserve policy and said the cash balance level is 62% of the FY27 budget. Bordewey reported total cash balances of $69,400,000, of which about $14.5 million are TIF-related.
Bordewey closed by thanking the finance team and village management for their work preparing the budget. The chair opened the hearing for public comment; no one from the public chose to speak. The finance committee representatives said they had no additional comments and praised the overview.
The trustees then moved to close the public hearing. Bordewey told the trustees that a budget ordinance to adopt the FY27 budget would be before the board at tonight's meeting; no final adoption occurred during the public-hearing portion recorded in the transcript.
