frankfort-square-park-district.2

Frankfort Square Park District Approves Budget Amid County Tax Adjustment, Funds Major Projects

Spread the love

The Frankfort Square Park District Board of Commissioners unanimously approved its operating budget for the 2025-2026 fiscal year during its April 17 meeting, earmarking funds for major ongoing projects and a new slate of capital improvements valued at $122,000.

The balanced corporate budget, totaling $4,975,448, was adopted following a presentation by Executive Director Audrey Marcquenski, who noted the district is navigating a complex financial landscape this year. In a report to the board, Marcquenski described it as a “highly unusual year due to the Will County adjustment.” She explained that with the 2023 tax levy, Will County had underestimated the Equalized Assessed Valuation (EAV) in Cook County, which led to Will County overestimating its own share for distribution. The county will now “take back” that amount through a decrease in upcoming tax distributions.

Despite the adjustment, Marcquenski assured the board that “the FSPD is in a strong position and can still accomplish the exciting capital improvement projects currently underway and planned for this coming season for the FSPD residents.”

The budget passed with a 6-0 vote from commissioners Phil Cherry, Frank Florentine, Ryan Holley, Joseph King, Denis Moore, and President Craig Maksymiak.

A significant portion of the budget supports three previously approved, large-scale projects that will continue this fiscal year. These include the major redevelopment of Hunter Prairie Park, funded in part by an Open Space Lands Acquisition and Development (OSLAD) grant; the buildout of new dance studios at The Square; and the creation of a new practice area at Square Links Golf Course.

In addition to the ongoing work, the board approved a new project list for the upcoming year. The largest items include $60,000 for paving and sealcoating district paths and lots, and $40,000 for new flooring in two multi-purpose rooms at The Square. Other approved projects are:

  • $6,000 for the second phase of a three-year tree inventory project.

  • $6,000 for fob readers on the storage doors at the Union Creek baseball concession stand.

  • $5,000 for new trees.

  • $5,000 for shade structures for the dugouts at Kiwanis Park.

During the discussion, Commissioner Ryan Holley asked if additional projects could be considered. Marcquenski replied that further requests could be evaluated after the three main contracted projects are completed.

Commissioner Phil Cherry inquired about the condition of the district’s bike paths. Marcquenski noted that the park district follows a regular repair schedule to keep the paths in good condition. President Maksymiak emphasized their importance, stating, “the paths are important to the community and need to be maintained on a regular basis.”

The board also authorized Marcquenski to transfer funds from the corporate account to balance other district funds at the end of the fiscal year, a standard procedure to close out the books.

Events

No events

Leave a Comment





Latest News Stories

Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud

Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud

By Jim Talamonti | The Center SquareThe Center Square Governor bans school fines Gov. J.B. Pritzker has signed legislation that bans schools from issuing fines or citations to students for...
Industry advocates: More state regulation will drive insurance rates higher

Industry advocates: More state regulation will drive insurance rates higher

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Insurance industry leaders are advising Illinois lawmakers that state regulation of rates will lead to higher costs...
Lawmakers, policy groups react to social media warning suit

Lawmakers, policy groups react to social media warning suit

By Elyse ApelThe Center Square Bill sponsors and public interest groups have been quick to respond to a lawsuit filed last week against Colorado, challenging a new law that would...
Meeting Briefs

Meeting Summary and Briefs: Will County Board Executive Committee for August 14, 2025

The Will County Board Executive Committee received a comprehensive update on the county's expenditure of $134 million in federal ARPA pandemic relief funds, learning that 61% of the total has...
Peotone-Committee-8.18.25.2

Peotone Schools Face ‘Fiscal Cliff,’ Board Considers School Closures and New Construction

Committee of the Whole Article Summary: Facing a severe financial crisis and a rapidly approaching deadline from a major road project, the Peotone School District 207-U board is now seriously...
Public education budgets balloon while enrollment, proficiency, standards drop

Public education budgets balloon while enrollment, proficiency, standards drop

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – In return for soaring state spending on education, Illinois taxpayers are getting chronic absenteeism, poor academic proficiency...
Illinois news in brief: Cook County evaluates storm, flood damage; Giannoulias pushes for state regulation of auto insurance; State seeks seasonal snow plow drivers

Illinois news in brief: Cook County evaluates storm, flood damage; Giannoulias pushes for state regulation of auto insurance; State seeks seasonal snow plow drivers

By Jim Talamonti | The Center SquareThe Center Square Cook County evaluates storm, flood damage The Cook County Department of Emergency Management and Regional Security is reviewing damage from the...
Governor defends mental health mandate, rejects parental consent plan

Governor defends mental health mandate, rejects parental consent plan

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – U.S. Rep. Mary Miller, who represents the 15th Congressional district in southeastern Illinois, is reintroducing legislation...
Illinois quick hits: Arlington Heights trustees pass grocery tax

Illinois quick hits: Arlington Heights trustees pass grocery tax

By Jim Talamonti | The Center SquareThe Center Square Arlington Heights trustees pass grocery tax Arlington Heights village trustees have approved a one-percent tax on groceries. Since Gov. J.B. Pritzker...
Plan launched to place redistricting amendment before voters in 2026

Plan launched to place redistricting amendment before voters in 2026

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Two former U.S. Cabinet members have launched a new effort to stop Illinois politicians from drawing their...
Illinois GOP U.S. Senate candidates point to economy, Trump gains

Illinois GOP U.S. Senate candidates point to economy, Trump gains

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Economic issues are front and center for Republican U.S. Senate candidates in Illinois. Former Illinois GOP Chairman...
Peotone-Committee-8.18.25.1

Facing Budget Crisis, Peotone Committee Questions Athletic Field Project

Committee of the Whole Article Summary: With Peotone School District 207-U on the verge of a financial crisis, board members are questioning the wisdom of moving forward with a long-awaited...
Meeting-Briefs

Committee Summary and Briefs: Peotone Board of Education Committee of the Whole

The Peotone School District 207-U is on a collision course with a major financial crisis, which dominated the Board of Education’s committee meeting on August 18. Facing a projected $4.2...
Screenshot-2025-08-19-at-6.16.25-PM

Committee of the Whole Eyes School Closures and New Construction Amid Budget Crisis

Committee of the Whole Article Summary: Facing a severe financial crisis with a projected $4.2 million operating deficit, the Peotone School District 207-U board is now seriously exploring the closure...
Exec Cmte 8.14.25.4

Executive Committee Details Spending of $134 Million in Pandemic Relief Funds

Article Summary: Will County has expended 61% of its $134 million in federal American Rescue Plan Act (ARPA) funds, with significant investments made in infrastructure, health, and economic development. Officials...