State & Local Meeting
Finance & Budget Committee Meeting 3-4-2026
March 04, 2026
The City of Evanston Finance and Budget Committee met on March 4, 2026, to discuss several key financial and procurement-related issues. The committee reviewed the city's capital improvement projects and water projects, recommending authorization for up to $31 million in bond issuance to fund these projects, including $27 million for capital projects, $3 million for water projects, and $1 million for library roof repairs. The committee discussed the city's outstanding general obligation debt, self-imposed debt limits, and the timing and conditions for bond issuance, with input from financial advisors on interest rates and reimbursement rules. Additionally, the committee deliberated extensively on the status and future of several Tax Increment Financing (TIF) districts, considering recommendations to allow some districts to expire while maintaining others to support ongoing redevelopment and environmental cleanup projects. Policy discussions also addressed the porting of funds between TIF districts, the use of excess reserves, and the planning process for the upcoming budget cycle. The committee voted to advance the bond issuance recommendation to the full city council and agreed to continue refining TIF district policies and capital planning in future meetings.
Sources
- Finance & Budget Committee Meeting 3-4-2026 · City of Evanston, IL · Mar 04