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Oswego board amends 2026 budget to apply $5.2 million surplus to downtown grants, personnel reserve and capital projects
Summary
On May 5, 2026 the Village of Oswego approved an ordinance reallocating a $5.2 million 2025 general-fund surplus: $255,000 for downtown development grants, $145,000 reserved for personnel needs and about $4.8 million transferred to the capital fund for future projects.
The Village of Oswego Board of Trustees on May 5 approved an ordinance amending the annual budget to allocate a $5.2 million general-fund surplus from the 2025 fiscal year.
Staff presented the plan to direct $255,000 to the downtown development program, reserve $145,000 for personnel needs (including potential midyear hiring and wage adjustments pending a compensation study) and transfer the remainder—about $4.8 million—to the capital fund for 2027 projects. "So staff is recommending allocating…
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