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Village Board reviews $4.88 million tentative budget and proposed tax levy increase
Summary
The Village Board reviewed a tentative $4,882,011.65 budget for FY 2025–26 that would raise $515,402.03 by taxes (a proposed tax-rate increase of 31.45%). Officials flagged line-item changes and added fire-truck bonding to the debt schedule.
The Village Board met March 26, 2025, to examine a tentative $4,882,011.65 budget for the fiscal year beginning June 1, 2025. Mayor Dorene Weir presided; Clerk/Treasurer Nicole H. Heeder summarized the meeting's purpose as reviewing expenses and revenues and attempting to remain within the State Comptroller’s tax-cap requirements. "The proposed budget is the cost of running the village and the department heads wish list," Heeder said.
Heeder reported the village's total assessed value at $169,152,369 and a proposed amount to be raised by taxes of $515,402.03, yielding a proposed tax rate of $3.04697 per $1,000 of assessed value. The minutes record this as a proposed tax-rate increase of 31.45% and a proposed "raised by tax" increase of 32.77%. Officials reviewed fund-level totals across General, Water, Sewer, Highway and two Capital projects funds, recorded several line-item adjustments, and added fire-truck bonding to the Schedule 6 Statement of Debt. The board adjourned at 8:02 p.m.
