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Riverwoods board adopts 2026 appropriations ordinance, increases MFT street-maintenance ceiling ahead of Saunders Road work
Summary
The Village of Riverwoods adopted its 2026 appropriations ordinance (No. 26-3-2) and amended the Motor Fuel Tax street-maintenance line to a budgeted $1,354,930 (appropriated at $1,490,423) to provide flexibility amid uncertainty on the Saunders Road project and contractor issues.
The Riverwoods Board of Trustees voted to adopt the village's 2026 appropriations ordinance (ordinance 26-3-2) and approved an amendment raising the Motor Fuel Tax (MFT) maintenance-of-streets budget to $1,354,930 with an appropriated ceiling set 10% higher at $1,490,423.
Village Attorney Hoover told the board the appropriations ordinance "sets the upper limit to what we can appropriate and what we can spend," explaining the ordinance provides legal spending authority while staff "manage to the budget," Finance Director Tony Vasquez said. Vasquez told trustees the ordinance generally sets appropriations about 10% above the budgeted line items to avoid frequent ordinance…
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