Village Budget Shifts Toward Surplus Amid Rising Costs

Tinley Park has drafted a new budget that projects a modest surplus of $2.18 million by the end of fiscal 2027.

Fiscal Overview

The previous fiscal year closed with a $2.62 million surplus, and the interim finance director praised past leaders for maintaining strong finances.

Spending Drivers

• Staff Salaries & Health‑Insurance
• Post‑employment benefits cost over $1 million in 2025, up from $614,000 in 2023.
• Property Taxes
• Raised by 3.8 % on January 1, 2026—the first increase since 2022—adding roughly $5.7 million to the police pension fund (a 4.9 % rise).
• Sales & Amusement Taxes
• Home‑rule sales tax increased from 0.75 % to 1 %.
• Amusement tax rose from 5 % to 6 %, affecting concertgoers and shoppers.

Fuel Contract Adjustment

Due to high oil prices, the village shortened its fuel contract with Al Warren Oil Company from one year to six months:

• Unleaded: $3.15 – $3.25 per gallon
• Diesel: $3.75 – $3.85 per gallon

The bulk purchase still offers savings compared to local gas stations.

Capital Projects & Reserves

• Capital Improvements: Spending reduced by $1.6 million, from $26.5 million to $24.9 million.
• Hotel‑Tax Reserves: Will fund Convention Center upgrades and parking improvements.
• Enterprise Funds: Healthy balance maintained.
• Capital‑Project Reserve: Approximately $69 million, providing room for future development beyond 2027.

Public Hearing

• Date & Time: April 21 at 5:55 p.m.
• Location: Village Hall, before the board votes to adopt the budget.