Village of Lake Bluff Finance Committee Finance Committee Meeting
The committee reviewed the Biennial General Fund and capital projects, including infrastructure investments such as water and stormwater facilities, roadwork, and the vehicle replacement fund. Discussions covered a multi-year capital improvement plan, revenue and expenditure trends, and strategies for maintaining fiscal stability. Additionally, the committee evaluated a proposed Pay Plan for Village employees, ensuring compensation remains competitive with comparable communities, and established guidelines for merit-based awards to recognize exceptional service.
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The Finance Committee meeting agenda included a review of the Budget Calendar, the General Fund, the Vehicle Equipment Replacement Fund, and an overview of Capital Improvement Projects. The minutes from the prior meeting (October 27, 2025) detail substantial discussion regarding the 2025 property tax levy estimate, including the Library's capital needs requiring a 9.5% levy increase. The committee also reviewed the FY2025 Annual Comprehensive Financial Report, which resulted in a clean audit opinion, and recommended acceptance of the report to the Village Board. A major business item involved the planned acquisition of a new fire pumper truck via a lease-purchase arrangement, which the committee recommended for approval.
May 1, 2025·Budget
Village of Lake Bluff FY2025-26 Budget
A proposed (tentative) biennial budget update for the Village of Lake Bluff, Illinois for fiscal year 2025-26, presented by the Village Administrator and Director of Finance as a pre-adoption draft to the Village Board.
