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Waite Hill sees 22.5% jump in property tax revenue but finance chair warns of long-term fund decline
Summary
The Waite Hill Village Council heard a Finance Committee report showing property tax revenues rose 22.5% year over year to $1,419,982, while the committee’s projection still shows a long-term decline in fund balances; the council also adopted Resolution No. 2025-13 authorizing payment of certain sums.
Karl Scheucher, chair of the Finance Committee, told the Waite Hill Village Council on Nov. 10 that property tax reimbursements of $82,463 brought total 2025 property tax revenue to $1,419,982, a 22.5% increase from $1,159,024 in 2024.
Scheucher said local-government-fund receipts and interest income also were reported for October, and that total revenue for the month was $134,227 against total expenses of $141,238. The committee recorded total fund balances of $8,741,030 — a decline of $382,412 from a year earlier — and presented a funds-trajectory projection that, absent changes, shows a decline to about $8,061,664 by October 2030. Scheucher said the uptick in property-tax revenue has helped flatten the trajectory but does not eliminate a projected long-term decrease in the General Fund.
The council read and adopted Resolution No. 2025-13, described in the minutes as “A Resolution authorizing and directing the payment of certain sums.” The resolution was moved by Karl Scheucher and seconded by Stephanie Winterer; the roll-call vote was unanimous in favor.
Votes at a glance - Approval of minutes (motion: Richard Steudel; second: Stephanie Winterer) — Yeas: Bowden, Hiltsley, Knezevic, Scheucher, Steudel, Winterer. Outcome: approved. - Resolution No. 2025-13 (motion: Karl Scheucher; second: Stephanie Winterer) — Yeas: Bowden, Hiltsley, Knezevic, Scheucher, Steudel, Winterer. Outcome: adopted.
Why it matters: The property-tax increase is a near-term budget boost, but the Finance Committee’s multi-year forecast still projects a gradual erosion of reserve balances without sustained revenue growth or expense changes. The committee appended detailed figures and a funds-forecast graphic to the minutes.
