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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 said the motor-fuel tax is expected to stabilize near the current level (about $200,000 annually).
Staff sketched a menu of options to replace lost revenue and roughly estimated potential returns: restoring the non-home-rule sales tax up to 1.0% (a quarter-percent brings about $530,000 today; increasing to 1.0% could add roughly $1 million more), a stormwater fee (wide range discussed; consultant used a $500,000 placeholder), vehicle stickers (estimated $250,000), red light camera revenue (about $200,000 but limited by eligible intersections), hotel/motel increase (net local capital benefit modest after required tourism promotion), grocery tax (roughly $200,000), place-of-eating tax (approx. $137,500 per quarter-percent increment) and a local gas tax (roughly $125,000 at a 3-cent levy on stations within the village). Staff emphasized these were options for study, not board direction.
Presenters also highlighted operational items in the budget: AMI water-meter rollout and monthly billing to improve water revenue collection, a temporary water-fund drawdown for a carriageway water-main project and technology and staffing adjustments that reduced contracted consultants and eliminated two part-time roles (netting one full-time equivalent decrease in FY2026). The police department discussed recruiting and a proposed regional contracted social worker shared among communities for roughly 10 hours per town per week.
Trustees were given a schedule for next steps: further budget discussion will occur March 10, 2025 (final opportunity to provide direction), and the public hearing and adoption are scheduled for April 14, 2025. No budget ordinance amendments were accepted at the Feb. 24 session; staff asked trustees to consider options and return direction at the next meeting.
