Budget

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Elk Grove Village annually adopts a budget to guide the financial operations of the Village. The Village operates on a May 1 – April 30 Fiscal Year.

On April 14, 2026, the Mayor and Village Board approved the Fiscal Year 2027 Budget in the total amount of $268,620,640 (excluding the library). The General Fund budget, which includes most of the Village's operational services (Fire, Police, and Public Works), was approved at $85,164,211. This represents a decrease of 2.07% from the previous fiscal year adjusted budget (excluding pension pass-throughs and transfers).

In 2025, Elk Grove Village continued to experience positive financial conditions and stability through strong business development activity, despite ongoing high inflation, supply chain issues, and a tight labor market. In 2025, the industrial vacancy rate hit a low of 1.96%, which marks ten consecutive years the Village has sustained a vacancy rate at or below 5%. Rising sales tax, as well as consistent building permit fees, reflect a strong business climate.

An investment of approximately $567 million in private sector construction was permitted through the Village in Calendar Year 2025. Continuing data center construction, expansion, and interior buildouts were the primary contributors to the consistently large construction value. Additionally, a new 86,000 square foot two sheet ice arena with rooftop restaurant and "grab and go" market, multiple large scale industrial buildouts, and a one hundred and 122,000 square foot speculative building commenced construction in 2025. These types of investments are what help the Village maintain a strong tax base and vibrant community.

The FY2027 budget highlights several major capital projects focused on transportation and infrastructure improvements throughout Elk Grove Village. The Residential Resurfacing Program stands out with $4.1 million dedicated to the resurfacing and base reclamation of 6.0 miles of residential streets, addressing critical pavement lifecycle needs. The Oakton Street Resurfacing project is another significant investment, with $2.4 million allocated for corridor improvements, including a new bike path and pedestrian safety enhancements. In addition, the I-490 and Pratt Interchange Improvement is a key regional project, with $10 million budgeted to support this major interchange, which will enhance connectivity and traffic flow for the community. The Water & Sewer Fund also includes $2 million for the United Lane watermain replacement and $1.5 million for lining systematically important water mains, both aimed at ensuring reliable service and reducing future maintenance costs. The Business Park Rehabilitation Program will see $1.9 million invested in resurfacing 2.4 miles of streets within the business park, supporting economic vitality and infrastructure longevity. These projects reflect the Village’s commitment to maintaining and enhancing its essential transportation and utility assets.

Community events and public education outreach programs will continue in 2026 after a successful return in 2025. We are planning, and have budgeted, for a full season of special events as we look forward to engaging with the community once again.

The development of the Fiscal Year 2027 Budget was guided by the goals of delivering high-quality, customer-focused services to residents while offering a beyond business-friendly approach to doing business in the Village. The budget serves as our road map to be the Exceptional Community.

Previous Adopted Budgets: