Submitted By
Donna M. Gayden, Interim Chief Financial Officer
Reviewed By
Ahmad M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
Public Hearing on the Fiscal Year 2025 Tentative Annual Budget of the Village of Oak Park
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Overview
Overview
Notice of the public hearing on the Village's tentative annual budget was published in the Wednesday Journal on November 13, 2024. The public hearing will be opened and continued to a meeting of the Village Board on December 3, 2024 at 6:00 p.m.
The Village Board is required to hold a public hearing on the proposed budget for the coming fiscal year in order to receive public testimony regarding the recommendations. Attached is a copy of the proposed budget for FY25 which contains the consensus of the Finance Committee of the Village Board.
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Recommendation
Recommendation
Hold the Public hearing.
Background
State Statute, 65 ILCS 5/8-2-9.9, and Section 2-6-5(G) of the Oak Park Village Code requires the public hearing to be held prior to the final passage of the Budget. This hearing fulfills the requirement.
The hearing may begin, at the discretion of the Board, with a brief summary of the proposed Budget. Following the presentation, the Board may allow public testimony if desired. After the hearing, the tentative budget may be further revised and passed without further notice, inspection, or hearing.
Fiscal Impact
The Board will be asked to consider the Proposed FY25 Budget for approval on December 3, 2024, at which time funds will be appropriated for the new fiscal year.
DEI Impact
N/A
Alternatives
N/A
Previous Board Action
The Finance Committee of the Village Board has held several budget review meetings to date.
Citizen Advisory Commission Action
N/A
Anticipated Future Actions/Commitments
It is anticipated that the Public Hearing will be continued on December 3, 2024 at 6:00 p.m. The FY25 Budget will be presented for adoption on Monday, December 3, 2024, along with all related tax lev...
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