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Hobart board approves amended FY2025 and proposed FY2026 budgets for two TIDs
Summary
The Village Board approved amended FY2025 and proposed FY2026 budgets for Tax Increment Districts #1 and #2 on Jan. 6 (roll-call votes 4-0). The minutes do not specify dollar amounts for the budgets.
The Village Board of Hobart approved amended FY2025 budgets and proposed FY2026 budgets for Tax Increment Districts (TIDs) #1 and #2 during its Jan. 6 meeting.
For TID #1 the board approved the amended FY2025 budget and the proposed FY2026 budget on a motion by President Richard Heidel with a second by Trustee Melissa Tanke; the roll-call vote was 4-0 in favor. For TID #2 the board approved the amended FY2025 budget and the proposed FY2026 budget on a motion by President Heidel with a second by Trustee Vanya Koepke; the roll-call vote was 4-0. The minutes record the approvals but do not list the budgetary dollar amounts or line-item details.
The minutes describe these actions as approvals of the amended and proposed budgets as presented to the board; they do not indicate any amendments, conditions or required additional approvals in these minutes.
