The municipal budget for 2025 focuses resources on continuing to deliver essential services to Oak Park community members while also advancing key priorities laid out by the Village Board.
The 2025 budget is comprised of numerous funds totaling $172.1 million in expenditures, excluding interfund transfers.
The budget’s $114 million general fund, which supports most day-to-day municipal operations, allocates a large share of spending to the critical services provided by the Police, Fire and Public Works departments. This year’s budget also includes an interfund transfer of $32.8 million that will go from the Village’s fund balance reserves to the 2025 Capital Improvement Plan to support scheduled infrastructure upgrades.
Many projects in the budget for 2025 were included with the intent of furthering the Village Board’s goals in the following areas:
- Community affordability
- Community health and safety
- Racial equity
- Vibrant, Diverse, Connected Neighborhoods
- Sustainability & Resiliency
- Economic Vitality
Expenditures are supported by a number of sources including property taxes, sales taxes, user fees, utility taxes and real estate transfer taxes.
Property taxes will contribute to 28.8% of the Village’s General Fund expenditures in 2025. Based on current available data, approximately 15% of an Oak Park property owner’s tax bill goes toward funding the Village’s municipal services and State-mandated Police and Fire pensions.
Refuse collection rates will remain flat in 2025. However, this year water rates increase to $11.37 per 1,000, up from $9.33. Sewer rates, which are based on water use, are now $3.26 per 1,000 gallons of water used, up from $3.13. The majority of water and sewer fees cover the cost of purchasing Lake Michigan water from the City of Chicago, with a share also helping fund maintenance and improvements to the local water delivery systems.
Information on the budget process and copies of the Fiscal Year 2025 and past year’s budgets are available at www.oak-park.us/budget.