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An Ordinance Adopting the Budget for All Corporate Purposes of the Village of Oak Park, Cook County, Illinois in Lieu of the Appropriation Ordinance for the Fiscal Year Commencing on the First Day of January, 2026 and Ending on the Thirty-First Day of December, 2026
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Introduction
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The Village Board held a Public Hearing on the Proposed Fiscal Year 2026 Budget and several Finance Committee and Board Meetings were held to discuss the budget in detail with elected officials. This Ordinance is the final action for the adoption of the Budget.
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Recommended Action
Approve the Ordinance.
Prior Board Action
The Village Board has taken the following prior actions:
* The Village Board adopted the Fiscal Year 25 budget on December 3, 2024.
* The Village Board opened a public hearing for the Fiscal Year 26 budget on November 18, 2025 and continued the hearing to, and conducted the it on, December 2, 2025.
Background
The final document presented as the Fiscal Year 2026 budget includes detailed financial information, which provides the legal authority for Village expenditures throughout the year. As in prior years, budget amendments may be brought forth for Board approval on a quarterly basis to adjust certain accounts as deemed necessary.
The final proposed budget incorporates discussions held during meetings on September 11th, September 25th, October 7th, October 14th, October 23rd, November 4th, November 6th, November 13th, November 18th, and December 2nd (public hearing). Please note that the capital improvement plan projects were discussed at all meetings.
Section 2-6-5 of the Village Code establishes the foundation for the Village's budget and provides:
* The Village fiscal year is January 1 - December 31 annually.
* The Board of Trustees must adopt the annual budget prior to the start of the Fiscal Year, and passage of the annual budget shall be in lieu of passage of the appropriation ordinance.
* On or befor...
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