2026 Budget In Brief

BUDGET PROCESS

BUDGET PROCESS

In accordance with state statutes, the Village is required to adopt a budget prior to the beginning of the fiscal year, which began on January 1, 2026. The adopted budget maintains high-quality services for residents while supporting capital investments in facilities, infrastructure and other initiatives that lay a solid foundation for the community’s future, even amid economic challenges such as inflation and a potential recession. The budget continues funding General Fund services with a modest use of property taxes for operations, allowing Village residents to enjoy one of the lowest municipal tax rates in the area. Budgeted expenditures and other uses for all funds in Fiscal Year 2026 total $236,004,359, a decrease of 15.5%. On an operational basis, Village-wide expenditures total $138,679,387, an increase of $856,823, or 0.6%, from the 2025 amended budget. Budgeted revenues for all funds total $154,776,926, an increase of $1,173,622, or 0.8% (excluding bond proceeds) over the 2025 amended budget. The 2026 budget also includes borrowing $40.5 million, which will fund key Village projects, including TIF-supported incentives and infrastructure for Dick’s House of Sports and the Ravinia Extension, acquisition and preliminary improvements for the former Riviera property and planned capital and water/sewer infrastructure improvements. Notable revenue changes include a new grocery tax projected to generate at least $4,000,000 annually, replacing the State Grocery Tax repeal, both effective January 1, 2026. Water and Sewer usage fees also increased based on the 2022 Water & Sewer rate study, with codified annual increases through 2027.

AUG.

SEPT.

MAY

BUDGET KICKOFF

BUDGETS PREPARED

BUDGET TEAM MEETINGS

Budget worksheets are created in the Village's Financial System. Instructions and deadlines are provided to operating departments.

Budget preparation process is reviewed at Village Manager staff meetings. The operating department’s budgets are prepared and entered into the financial system.

Meetings are conducted with operating departments to discuss and finalize their budgets. The proposed budgets are then submitted to the Village Board.

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VILLAGE OF ORLAND PARK | FISCAL YEAR 2026 BUDGET IN BRIEF