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Trustees discuss raising board's purchasing and emergency-expenditure limits
Summary
Board members debated increasing the village's self-imposed purchasing threshold from $2,500 to $3,000–$3,500 and discussed whether to raise the emergency-expenditure limit (noted as unchanged since 2011). Staff will draft an ordinance for the change.
Trustees discussed raising the village's internal spending limit that currently requires board approval for purchases over $2,500. Several trustees argued inflation has eroded purchasing power and recommended raising the limit to $3,000 or $3,500; one trustee suggested $3,500. The board agreed to have a resolution or ordinance drafted for consideration by the finance department.
Trustees also discussed the emergency-expenditure limit, which one participant said has not changed since 2011; options to raise that figure were mentioned but no formal motion was made. Staff indicated they will draft appropriate ordinance language and return the proposal for board consideration.
