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Village proposes $786,989 general fund budget for 2025–26, plans small tax increase
Summary
The Village presented a proposed fiscal year 2025–26 budget that would appropriate $786,989 for the general fund, use $104,290 from fund balance, and raise $381,000 in property taxes; the hearing drew no public attendees and was closed by voice vote.
The village held a public hearing on the proposed fiscal year 2025–26 budget, which the presenter said would take effect June 1, 2025 and run through May 31, 2026. "We are proposing a budget that appropriate $786,989," the presenter said while outlining the general fund totals.
The presenter said the board anticipates general fund revenues of $301,699 and has appropriated $104,290 from unexpended fund balance, leaving $381,000 to be raised by property taxes. He also outlined that most hourly village employees are proposed to receive a 2% pay increase and emphasized continued implementation of prior comptroller recommendations to limit unrestricted fund growth. The board closed the hearing later in the meeting and is scheduled to vote on the budget during the regular session.
