2026-06-08 Village of Villa Park Board Meeting COTW

The Village of Villa Park held a Committee of the Whole meeting on June 8, 2026, focused primarily on reviewing the 2027 budget workshop and the village's five-year financial plan. Finance Director Susie Micah presented detailed projections of revenues, expenses, and fund balances across various departments and funds, highlighting anticipated increases in costs related to union negotiations, IT infrastructure upgrades, liability insurance, and staffing for the fire department. The discussion included capital improvement funds, equipment replacement plans, and the status of multiple Tax Increment Financing (TIF) districts, emphasizing the need to strategically allocate funds to avoid deficits and to consider aggressive economic development to offset projected budget shortfalls. Board members discussed potential strategies such as revising TIF districts, passing some healthcare costs to employees, and hiring a grant writer to pursue additional funding opportunities. The meeting concluded with a unanimous vote to adjourn and plans to continue budget discussions in upcoming meetings.