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The Board approved a fiscal year 2025-26 budget amendment that projects a $285,385 General Fund surplus and directs $250,000 toward the Village’s unfunded Illinois Municipal Retirement Fund balance.
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The additional retirement contribution is intended to reduce the Village’s unfunded balance and could save about $200,000 annually over time, according to the Village Manager. The Board also approved a revised lead water service line program, authorized the purchase of a used rescue squad for $55,000, and adopted a nine-month pause on new office uses in the Village Center while allowing existing office spaces to be re-leased. March bills and disbursements totaling $1,486,592.35 were also approved.
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