Village reviews 2027 budget priorities, flags equipment-replacement shortfall
Village staff presented the 2027 budget framework, explaining that the village's share of a typical property-tax bill is about 31% and identifying equipment-replacement funding (0.4% of levy) and pending union negotiations as primary budget pressures for 2027.
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Village staff presented a preview of the 2027 budget at the June 16 work session, outlining how assessed-value growth, debt-service timing and other revenues shape levy capacity. Finance staff said the village's portion of a typical property-tax bill is just under 31 percent, with the school district and county accounting for larger shares of a homeowner's total bill.
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