The Village of Schaumburg has released its proposed Fiscal Year (FY) 2026/27 budget, outlining a comprehensive financial plan that supports municipal services, infrastructure investment, and long-term community priorities.
The proposed budget reflects the village’s continued commitment to fiscal responsibility, strategic planning, and service delivery, guided by priorities identified through the National Community Survey (NCS) and ongoing community engagement efforts.
The FY 2026/27 budget includes total revenues and other financing sources of approximately $342 million and total expenditures and other financing uses of approximately $379.6 million. While expenditures exceed revenues, this planned difference reflects the strategic use of accumulated reserves to fund major capital investments, including continued construction of the new Village Hall and final design of the Police Station.
“The proposed budget reflects a thoughtful and forward-looking approach that allows the village to maintain strong service levels while continuing to invest in critical infrastructure,” said Village Manager Brian Townsend. “Our financial position remains strong, and we are committed to making strategic decisions that benefit the community both now and in the future.”
The village continues to build on strong financial performance driven by increased consumer activity in recent years. While revenue growth is expected to continue at a more moderate pace, the budget reflects a prudent approach to forecasting and expenditure planning in response to ongoing economic conditions, including the lasting impacts of inflation.
Within the General Fund—the village’s primary operating fund—revenues and other financing sources are projected to increase by 5.2%, while expenditures are projected to increase by 7.6%. The General Fund is expected to generate a surplus of approximately $10.4 million, which will be allocated in accordance with the village’s fund balance policy to support public safety pension obligations and future capital investments.
Key revenue drivers for FY 2026/27 include continued strength in sales and home rule sales taxes, increased ambulance service revenues due to updated fee structures, growth in permit-related revenues tied to ongoing development activity, and the first full year of the locally adopted 1% grocery tax.
On the expenditure side, rising public safety pension contributions, personnel costs, and increased costs for supplies and services continue to place upward pressure on the budget. These increases reflect the village’s commitment to maintaining high-quality service delivery while adapting to evolving operational needs.
“The FY 2026/27 budget reflects a balanced and disciplined financial strategy,” said Director of Finance Lisa Petersen. “We are maintaining a conservative approach while making targeted investments to ensure we continue to meet the needs of our residents and support Schaumburg’s long-term stability.”
The village will present the proposed budget at a Committee of the Whole meeting on Tuesday, April 21, with final adoption of the budget proposed for the Tuesday, April 28 Village Board meeting. Meeting agendas and additional information are available on the village's website.
For more information and to view the proposed FY 26/27 Annual Budget, visit the village's website, contact Lisa Petersen, Director of Finance, at lpetersen@schaumburg.com or dial 311 in Schaumburg.
