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 was opened by the Village Board on November 21, 2024, and continued to December 3, 2024, without discussion. The public hearing will be held and adjourned at the meeting of the Village Board on December 3, 2024 at 6:00 p.m.
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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 that 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 on 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
The FY25 Budget will be presented for adoption on Tuesday, December 3, 2024, along with all related tax levies and abatement ordinances.
Intergovernmental Cooperation Opportunities
N/A