Village Board Reviews 2025 Budget Performance and Drafts 2026 Capital Improvement Plan

August 01, 2025 | Oregon, Dane County, Wisconsin


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Village Board Reviews 2025 Budget Performance and Drafts 2026 Capital Improvement Plan
The Oregon Joint Village Board Meeting on July 30, 2025, highlighted a promising financial outlook as officials reviewed the 2025 budget performance. Village leaders reported that expenditures for the first half of the year are tracking well, with overall spending at approximately 50% of the budget. Notably, operational expenditures are even lower, at around 40.2%, indicating a healthy fiscal status without any major projects or budget overruns anticipated.

As the meeting progressed, attention shifted to the draft of the 2026 district budget and capital improvement plan. Village Administrator Martin Shanks and other officials are currently working on this preliminary draft, which they described as "very rough." They are considering the impact of previous decisions and adjustments made in the past year, particularly regarding capital improvement funding and legal limitations.

A significant point of discussion was the expectation of a forthcoming fix to budgetary constraints, anticipated in mid-August or early September. This adjustment would allow the village to use last year's base numbers for the current budget, facilitating a smoother financial planning process. Officials emphasized the importance of aligning the budget with the levy and utilizing fund balances to ensure operational needs are met.

Overall, the meeting underscored a proactive approach to financial management, with leaders optimistic about maintaining fiscal responsibility while planning for future needs.

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Scribe from Workplace AI
Scribe from Workplace AI