===== PDF PAGE 1 ===== [Extraction: OCR (rendered-page OCR)] weaeteee West Chicago Ib vi a6 Hk aN Cokie FY 26 Budget Workshop GENERAL FUND PRELIMINARY ASSESSMENT ===== PDF PAGE 2 ===== [Extraction: OCR (rendered-page OCR)] Current Year FY25 Projections GENERAL FUND ===== PDF PAGE 3 ===== [Extraction: embedded PDF text] FY 25 Year-End Revenue Estimates FY25 Year-End Revenue Estimate Estimated FY25 Year-End $ 23,717,800 Original FY25 Budget $ 23,651,600 Revenues Above Budget $ 66,200 Estimated FY25 year-end revenues are down $24,060 or -.001% from FY24 actual revenues. FY25 revenues are on target overall, but with notable swings in individual sources. ===== PDF PAGE 4 ===== [Extraction: embedded PDF text] FY25 Year-End Revenue Estimate Variance from Original FY25 Budget Projection FY25 FY 25 $ % Revenue Source Budget Estimate Variance Variance Property Taxes 4,932,500 4,883,200 -49,300 -1% Sales & Local Use Tax 6,166,700 6,800,000 633,300 10% Income Taxes 4,432,500 4,600,000 167,500 4% Other Taxes 2,434,800 2,336,000 -98,800 -4% 1,184,200 1,001,100 Permits, Licenses, Registrations -183,100 -15% -$24,060 227,400 185,000 Replacement Taxes (PPRT) -42,400 -19% Fines 960,000 1,095,000 135,000 14% Est. Decrease Traffic Signal Enforcement 750,000 19,300 -730,700 -97% from FY 24 Transfer Station Fees 825,000 875,000 50,000 6% Interest Earned 100,000 200,000 100,000 100% All Other $ 1,638,500 $ 1,723,200 $ 84,700 5% Total $ 23,651,600 $ 23,717,800 $ 66,200 0% ===== PDF PAGE 5 ===== [Extraction: embedded PDF text] FY25 Year-End Revenue Estimate Replacement Taxes (PPRT) Replacement Taxes Fines Traffic Signal FY25 Estimate FY25 Budget (PPRT) Fines Traffic Enforcement Transfer All Other Signal Enforcement All Other Station Fees Interest Earned 7% Property Transfer Station Fees 7% Property Taxes Taxes 10% 21% Interest Earned 21% 12% Permits, Licenes, Registrations Permits, 4% Licenes, Registrations 5% Sales & Local Other Taxes Use Tax 12% Sales & Local Other Taxes 22% Use Tax 14% 27% Income Taxes Income Taxes 19% 19% ===== PDF PAGE 6 ===== [Extraction: embedded PDF text] FY25 Year-End Revenue Estimate 10 Year Sales Tax Trend 10 Year Sales Tax Trend $7,000,000.00 $6,000,000.00 $5,000,000.00 $4,000,000.00 $3,000,000.00 $2,000,000.00 $1,000,000.00 $0.00 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Est. Home Rule Sales tax ===== PDF PAGE 7 ===== [Extraction: embedded PDF text] FY25 Year-End Revenue Estimate Income Tax Distributions from the Local Government Distributive Fund (LGDF) Total State Income Tax Reciepts (LGDF) $5,000,000.00 $4,500,000.00 $4,000,000.00 $3,500,000.00 $3,000,000.00 $2,500,000.00 $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 $0.00 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Est. ===== PDF PAGE 8 ===== [Extraction: OCR (rendered-page OCR)] FY25 Year-End Revenue Estimate Interest Income SHORT TERM INTEREST RATES 6.000% 5.000% = 4.000% 3.000% 2.000% 1.000% 0.000% be & & b & a be ) > vA ‘Oo Sv we oe oe we oe oe oe oe se ny r\ts a ow” o we mo NY Ns ow Salil Funds «Fed ===== PDF PAGE 9 ===== [Extraction: OCR (rendered-page OCR)] FY 26 Economic Context TRENDS AND EXTERNAL INFLUENCES ===== PDF PAGE 10 ===== [Extraction: embedded PDF text] IML Economic Outlook Unemployment Increasing: GDP Slows: Expect more modest Impacts consumer spending and revenue growth 2025 at 1.6–1.9%local taxes • • 2024 at 4.0% • 2026 at 0.8–1.5% • 2025 at 4.4–4.6% • 2026 4.5–4.9% Inflation: affects both City costs and resident purchasing power. 2025 Stabilizing around 2.7%, butConsumer Spending: affects sales • tax projections tariffs could push higher • 2026 Growth slowing to 1.0–1.7% ===== PDF PAGE 11 ===== [Extraction: OCR (rendered-page OCR)] General Fund FY 2026 PRELIMINARY REVENUE ESTIMATES ===== PDF PAGE 12 ===== [Extraction: embedded PDF text] FY26 Revenue Projections Loss of Red Light Camera Red Light Violation Projections $1,400,000.00 $1,200,000.00 $1,000,000.00 $800,000.00 $600,000.00 $400,000.00 $200,000.00 $0.00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Est. 2026 Est. ===== PDF PAGE 13 ===== [Extraction: embedded PDF text] FY26 Revenue Projections – Sales Tax Loss of Grocery Tax Sales Tax (Loss of Grocery Tax) $6,500,000.00 $6,000,000.00 $5,500,000.00 $5,000,000.00 $4,500,000.00 $4,000,000.00 $3,500,000.00 $3,000,000.00 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Est. 2026 Est. ===== PDF PAGE 14 ===== [Extraction: embedded PDF text] FY26 Revenue Projections 2024 2025 2025 2026 2027 2028 Actual Budgeted Estimated Proposed Proposed Proposed Property Taxes $ 4,587,297 $ 4,932,500 $ 4,883,200 $ 5,525,000 $ 5,737,000 $ 5,980,000 Sales & Local Use Tax 5,329,051 5,200,000 6,400,000 6,154,000 6,429,000 6,614,500 Income Taxes 4,349,779 4,432,500 4,600,000 4,673,500 4,814,000 4,958,000 Other Taxes 3,364,927 3,401,500 2,736,000 2,452,000 2,332,400 2,308,700 Permits, Licenes, Registrations 1,307,167 1,184,200 1,001,100 945,000 980,000 990,000 Replacement Taxes (PPRT) 301,030 227,400 185,000 171,900 163,300 155,100 Fines 1,220,341 960,000 1,095,000 980,500 975,500 970,500 Traffic Signal Enforcement 444,579 750,000 19,300 0 250,000 500,000 Transfer Station Fees 851,075 825,000 875,000 850,000 850,000 850,000 Interest Earned 321,960 100,000 200,000 100,000 100,000 100,000 All Other 1,664,654 1,638,500 1,723,200 1,735,100 1,811,500 1,632,900 Total $ 23,741,860 $ 23,651,600 $ 23,717,800 $ 23,587,000 $ 24,442,700 $ 25,059,700 ===== PDF PAGE 15 ===== [Extraction: embedded PDF text] General Fund Base Budget FY26 Preliminary Revenue/Expense Estimate Estimated FY26 Revenue $23,587,000 FY24 Proposed FY26 Budget* $23,585,700 Revenues Above Base Budget $1,300 No buffer for economic downturn or state interference. No expansion of services of new projects. No transfer to Community Park Fund. Includes reduction in CERF Payments (fund exhausted 2028) *Est. in 2024's 3 Year Outlook, does not include new projections. ===== PDF PAGE 16 ===== [Extraction: embedded PDF text] Expanded Service Requests STAFFING ENGAGEMENT Police Officer $111,000 Surveys $3,000 - $10,000 Records Clerk $94,000 Website $75,000-$100,000 Social Worker $109,000 Translations +$10,000 Business Specialist $100,000 Overtime $6,000/Parade BCR Program Specialist $75,000 Parade Units: $5,000/Parade ===== PDF PAGE 17 ===== [Extraction: embedded PDF text] Public Works: Varied Funds WTP Roof Museum Exterior •$750,000 • $500,000 increase ($1 Million total) Additional PW Facility Relocate CIP Items to General Fund •2026: $2,000,000 • Streetlights, Patch, Paint, Sewer Repair etc. •2027: $12,500,000 • $150,000/year •2028: $12,500,000 ===== PDF PAGE 18 ===== [Extraction: embedded PDF text] Economic Revitalization Business Grants Community Park • $125,000 •Fund Balance: $6 Million •2026: $2 Million in ExpensesWashington Site Consultant • $30,000-$45,000 •~$13 Million total est. Cost Depot Design Services • $100,000 Developable Site Preparation Cultural/Farmer's Market •$165,000 • $20,000 ===== PDF PAGE 19 ===== [Extraction: embedded PDF text] Other Requests Tazer Upgrade Futsal Courts •$27,000 •$125,000 •$250,000 funding soughtBody Camera Software •$111,000 FOIA Redaction AI Code Review Consultant •$30,000/yr till done Business Incubator/Food Hall •$150,000 'InWestChicago' Web Hosting •$20,000/year ===== PDF PAGE 20 ===== [Extraction: OCR (rendered-page OCR)] New Revenue Options SEEKING COUNCIL DIRECTION ===== PDF PAGE 21 ===== [Extraction: embedded PDF text] Previously Discussed GROCERY TAX EST. $425,000 HRST EST. $1.2 MILLION 1 for 1 Replacing Lost Revenue Provides Additional Revenue Adopted by 219+ Communities 8.75% Rate Higher Than Some Peers Targets Necessities Like Food Includes Necessities Like Diapers ◦Snap recipients exempted and Clothes ◦Also Includes Luxury GoodsPostmark Deadline Oct. 1 ◦Does not apply to titled assets Postmark Deadline Oct. 1 ===== PDF PAGE 22 ===== [Extraction: embedded PDF text] Consideration CHALLENGES OPTIONS Heavy trucks & large outdoor Infrastructure Preservation Tax: storage sites strain roads far beyond ◦Annual tax on outdoor storage of their economic return commercial vehicles, equipment, and materialsJobs and property tax from these uses don’t match infrastructure Increased Diesel Motor Fuel Tax: costs ◦$0.06/gallon targeting truck trafficCurrent revenue sources can’t keep up with roadway deterioration ◦Est. $360,000/year ===== PDF PAGE 23 ===== [Extraction: embedded PDF text] Additional Considerations (Not Recommendations) Cannabis Dispensary Vehicle Sticker ◦Public Safety ◦Complex and costly to administer ◦Risk of Market Saturation ◦Regressive impactAmusement Taxes Restaurant Food & Beverage Tax ◦Streaming-Legal Challenges ◦Demands significant staff time ◦Amusement Fee Higher than Peers ◦May deter growth ◦Administrative burden for Business ===== PDF PAGE 24 ===== [Extraction: OCR (rendered-page OCR)] © i ae S% WEST CHICAGO [SES LS ISN TOP ISS Questions? SEEKING DIRECTION AFTER COUNCIL DISCUSSION AND PUBLIC COMMENT ===== PDF PAGE 25 ===== [Extraction: embedded PDF text] City of West Chicago General Fund Revenues 2024 2025 2025 2026 2027 2028 Description Actual Budget Estimated Proposed Proposed Proposed Property Taxes Property Taxes $ 4,587,297 $ 4,932,500 $ 4,883,200 $ 5,525,000 $ 5,737,000 $ 5,980,000 Property Taxes Total $ 4,587,297 $ 4,932,500 $ 4,883,200 $ 5,525,000 $ 5,737,000 $ 5,980,000 Sales & Local Use Tax Local Use Tax $ 908,797 $ 966,700 $ 400,000 $ 95,800 $ 90,000 $ 85,500 Sales Tax 5,329,051 5,200,000 6,400,000 6,154,000 6,339,000 6,529,000 Sales & Local Use Tax Total $ 6,237,848 $ 6,166,700 $ 6,800,000 $ 6,249,800 $ 6,429,000 $ 6,614,500 Income Taxes Income Taxes $ 4,349,779 $ 4,432,500 $ 4,600,000 $ 4,673,500 $ 4,814,000 $ 4,958,000 Income Taxes Total $ 4,349,779 $ 4,432,500 $ 4,600,000 $ 4,673,500 $ 4,814,000 $ 4,958,000 Other Taxes Amusement Tax $ 164,638 $ 135,000 $ 165,000 $ 150,000 $ 150,000 $ 150,000 Cable Franchise Fees 181,992 180,000 150,000 125,000 100,000 75,000 Cannabis Tax 40,894 44,800 41,000 41,200 42,400 43,700 Municipal Electricity Use Tax 1,380,464 1,400,000 1,350,000 1,400,000 1,400,000 1,400,000 Packaged Liquor Tax 177,543 175,000 180,000 190,000 200,000 210,000 Telecommunications Tax 510,599 500,000 450,000 450,000 440,000 430,000 Other Taxes Total $ 2,456,130 $ 2,434,800 $ 2,336,000 $ 2,356,200 $ 2,332,400 $ 2,308,700 Permits, Licenes, Registrations Building Permits $ 537,710 $ 450,000 $ 205,000 $ 225,000 $ 250,000 $ 250,000 Business Licenses 66,370 50,000 65,000 65,000 65,000 65,000 Business Registration Program 19,765 30,000 40,000 30,000 30,000 30,000 Change of Occupancy Inspections 111,171 125,000 110,000 115,000 115,000 115,000 Engineering Fees 145,834 129,200 150,000 100,000 110,000 120,000 Foreclosed/Vacant Property Registrations 10,000 10,000 10,500 10,000 10,000 10,000 Licensing Contractors 70,840 50,000 71,000 55,000 55,000 55,000 Liquor Licenses 110,417 110,000 110,500 115,000 115,000 115,000 Planning and Zoning Review Fees 21,240 10,000 9,100 10,000 10,000 10,000 Rental Inspection Licensing Fee 213,820 220,000 230,000 220,000 220,000 220,000 Permits, Licenes, Registrations Total $ 1,307,167 $ 1,184,200 $ 1,001,100 $ 945,000 $ 980,000 $ 990,000 Replacement Taxes (PPRT) Replacement Taxes (PPRT) $ 301,030 $ 227,400 $ 185,000 $ 171,900 $ 163,300 $ 155,100 Replacement Taxes (PPRT) Total $ 301,030 $ 227,400 $ 185,000 $ 171,900 $ 163,300 $ 155,100 Fines Admin Adjudication $ 117,429 $ 100,000 $ 115,000 $ 95,000 $ 85,000 $ 75,000 Admin Adjudication - Police 37,745 20,000 26,000 25,000 25,000 25,000 Circuit Clerk Fines 692,262 500,000 545,000 500,000 500,000 500,000 Compliance Fines - PD 6,300 7,000 25,000 30,000 35,000 40,000 Oversize Truck 23,670 28,000 28,000 28,000 28,000 28,000 Parking Fines 109,672 115,000 140,000 115,000 115,000 115,000 Police Towing Charges 211,205 180,000 200,000 180,000 180,000 180,000 Relocate/Repo Fees 10,200 10,000 6,000 7,500 7,500 7,500 Seizures 11,858 0 10,000 0 0 0 Fines Total $ 1,220,341 $ 960,000 $ 1,095,000 $ 980,500 $ 975,500 $ 970,500 ===== PDF PAGE 26 ===== [Extraction: embedded PDF text] City of West Chicago General Fund Revenues 2024 2025 2025 2026 2027 2028 Description Actual Budget Estimated Proposed Proposed Proposed Traffic Signal Enforcement Traffic Signal Enforcement $ 444,579 $ 750,000 $ 19,300 $ 0 $ 250,000 $ 500,000 Traffic Signal Enforcement Total $ 444,579 $ 750,000 $ 19,300 $ 0 $ 250,000 $ 500,000 Transfer Station Fees Transfer Station Fees $ 851,075 $ 825,000 $ 875,000 $ 850,000 $ 850,000 $ 850,000 Transfer Station Fees Total $ 851,075 $ 825,000 $ 875,000 $ 850,000 $ 850,000 $ 850,000 Interest Earned Interest Earned $ 321,960 $ 100,000 $ 200,000 $ 100,000 $ 100,000 $ 100,000 Interest Earned Total $ 321,960 $ 100,000 $ 200,000 $ 100,000 $ 100,000 $ 100,000 All Other Brush Collection Fees $ 107,777 $ 106,000 $ 109,000 $ 110,500 $ 110,500 $ 110,500 Cemetery Fees 64,350 50,000 50,000 50,000 50,000 50,000 False Alarm Fees 15,200 15,000 15,000 15,000 15,000 15,000 Grants 147,830 51,500 20,000 30,000 50,000 50,000 Health Insurance Employee Contributions 358,191 250,000 360,000 350,000 350,000 350,000 IPBC 0 250,000 250,000 250,000 250,000 0 Land Cash Administration 623 1,000 500 1,000 1,000 1,000 Miscellaneous Revenue 126,527 100,000 82,500 75,000 75,000 75,000 Overtime Reimbursement 20,122 30,000 20,000 20,000 20,000 20,000 Police Contractual 672,757 725,000 685,000 725,000 780,000 850,000 Police Counter 9,095 15,000 10,000 10,000 10,000 10,000 Reimbursements 95,419 40,000 75,000 50,000 50,000 50,000 Rental Income 42,567 0 43,000 45,100 46,500 47,900 Weed Cutting Fees 4,196 5,000 3,200 3,500 3,500 3,500 All Other Total $ 1,664,654 $ 1,638,500 $ 1,723,200 $ 1,735,100 $ 1,811,500 $ 1,632,900 Total Revenue $ 23,741,860 $ 23,651,600 $ 23,717,800 $ 23,587,000 $ 24,442,700 $ 25,059,700