Financial review and opioid settlement
At a glance
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Trustees reviewed Hanover Park’s latest financial reports, discussed a $1.3 million advance from the General Fund to the commuter parking lot fund, and considered how national opioid settlement money can be used.
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What this means
The Board’s workshop focused on the village’s finances across several funds, including revenue, spending, and future needs for roads, equipment, and water and sewer services. Staff said Hanover Park is in good shape so far in fiscal year 2026. Trustees also discussed using opioid settlement funds for community and public-safety-related needs, along with ideas for improving vacant storefront windows and alerting residents during emergencies.
Key decisions
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- Accepted the agenda by voice vote.
- Discussed Fourth Quarter 2025 and First Quarter 2026 financial reports.
- Reviewed the $1.3 million advance from the General Fund to the Commuter Parking Lot fund.
- Discussed possible future increases in parking fees and other commuter lot options.
- Discussed potential uses for National Opioid Settlement Fund money.
- Agreed to further explore options for notifying residents during emergency situations.
- Adjourned the meeting by voice vote.
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Meeting information
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Board of Trustees Meeting on April 28, 2026
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