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Lake County, IL
File #: 25-1447    Version: 1 Name: Discussion on FY26 Budget
Type: discussion Status: In Committee
File created: 10/26/2025 In control: Financial & Administrative Committee
On agenda: Final action: 10/30/2025
Title: Discussion on the Fiscal Year 2026 Budget.
Attachments: 1. FY26 Budget Amendments Discussed 10.21 10.22, 2. FY26 Recommended Budget - 10.13.25 Final, 3. FY26 Additional Funding Scenerios
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Title

Discussion on the Fiscal Year 2026 Budget.

 

Staff Summary

                     Joint budget hearings were held with each standing committee on October 21 and 22, 2025, during which each department’s budget for Fiscal Year 2026 was presented and discussed.

                     The operating budget was presented, in accordance with the Budget Policy, balanced with a portion of the allowable property tax. There was an alternate scenario presented as well, which used the full allowable property tax growth.

                     All remaining budget items will be discussed and determined so that the final Fiscal Year 2026 Budget can be presented for approval at the November 6, 2025, Finance & Administrative Committee.

                     Attached are the original Fiscal Year 2026 Recommended Budget as well as the amendments presented and approved at the budget hearings on October 21 and 22, 2025.