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Burr Ridge presents draft FY2026 budget, outlines revenue options to replace about $400K–$450K
Summary
Village staff presented a draft FY2026 budget for discussion, noted a $2.2 million sales-tax windfall in 2024 and forecast the loss of grocery-tax receipts and rent revenue; options discussed to close a roughly $400K–$450K gap included grocery tax, non-home-rule sales tax, stormwater fee, place-of-eating tax and vehicle stickers.
Village staff presented a high-level draft FY2026 budget at the Burr Ridge Board meeting on Feb. 24 and outlined a slate of potential revenue options to address an anticipated shortfall of roughly $400,000–$450,000 if certain revenues are not replaced.
A financial consultant told trustees the village had a $2.2 million sales-tax windfall in 2024 that improved the general-fund balance, but staff expects to lose grocery-tax revenue and a rental payment from a tenant (Nanophase) in 2026. The presenters described fund trends across the general, motor-fuel, hotel/motel and enterprise funds and…
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