Frankfort Village Board Adopts $59.4 Million Appropriation for Fiscal Year 2026
The Frankfort Village Board has formally set its maximum legal spending limit for the upcoming fiscal year, adopting a $59,366,900 appropriation ordinance for fiscal year 2026. The measure was passed as part of the board’s unanimous consent agenda during its Monday meeting.
The appropriation ordinance, a legally required annual procedure, was presented to the board following a public hearing held just before the regular meeting. The total amount reflects the village’s approved budget plus an additional 10.48% cushion, a standard practice to allow for potential adjustments in planned expenditures during the year.
Finance Director Jenni Booth first presented the ordinance to the Committee of the Whole on June 11. Trustee Gene Savaria summarized the item for the board, noting that the documents were made available for public inspection at Village Hall and the Frankfort Public Library prior to the vote.
The appropriated amount is spread across several village funds. According to the ordinance documents, the largest portion is the General Corporate Fund, with a total appropriation of 22,017,200. This fund covers major departments,including the Division of Law Enforcement (22,017,200. Thisfundcoversmajordepartments, including the Division of Law Enforcement (10,534,500), the Division of Public Works (4,832,400), and Garbage Disposal (4,832,400), and Garbage Disposal (2,371,700).
Other significant appropriations include $14,748,900 for the Capital Development Fund, which finances major infrastructure and community projects. The Water and Sewer Capital Fund is appropriated at $10,774,700, while the combined Sewer and Water Operation and Maintenance funds are set at over $9.2 million. The Police Pension Fund appropriation is $2,049,400.
The board also approved the payment of bills totaling $1,625,216.95. Trustee Maura Rigoni highlighted several notable payments within that total for public improvements, including work on the Nebraska Street bridges and the Prairie Park multi-use path rehabilitation project.
Latest News Stories
Board Approves Engineering Contracts for Mokena Road Widening
Experts call for probe after Microsoft left out China ties in Pentagon security plan
FBI raids the home of John Bolton
Will County Executive Proposes $791 Million Budget Focused on Stability Amidst Economic Uncertainty
Peotone School Board Rejects Mandating Live-Streaming in 4-3 Vote
WATCH: Detransitioner gets a second chance at medical malpractice lawsuit
WATCH: CA Democrats pass congressional redistricting plan
Pew: U.S. immigrant population declines for first time in nearly 60 years
WATCH: Illinois’ FY23 financial audit released amid criticism of tardy reports
European Union says U.S. consumers will end up paying tariffs
Illinois quick hits: Anti-SLAPP bill signed; Chicago schools settles meditation case
U.S.-EU trade deal includes ceiling for European pharmaceutical imports