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Village board accepts tentative 2026–27 budget, schedules April public hearing
Summary
Staff presented a tentative 2026–27 budget projecting roughly $3.45 million in general-fund revenue and $3.83 million in expenditures (planned use of fund balance ~$373,000). The board voted to accept the tentative budget and post it for public inspection; a public hearing and final adoption are scheduled for April 9.
The Indian Head Park Board accepted the tentative 2026–27 budget during its March 12 meeting, beginning the statutory adoption process that includes public posting, a public hearing and a final vote in April.
"The proposed budget projects general fund revenues of approximately 3.45 million and expenditures of approximately 3.83 million resulting in a planned use of fund balance of approximately 373,000," staff member Gavin told trustees, noting the village retains reserves sufficient to support the planned use. The presentation described a conservative budgeting approach that projects lower-end revenues and higher-end expenditures and identified a roughly $152,000 planned transfer to the capital fund for one-time capital expenditures.
Acceptance of the tentative budget authorizes posting for public inspection; staff said the tentative budget will be available at village hall and on the village website, and the board set a public hearing for April 9 when trustees will take public testimony and consider final adoption by ordinance. The board moved to accept the tentative budget and authorized posting; a roll-call vote recorded unanimous support.
