Budget, tax levy and the spending cap
Where it standsThe council adopted the 2026 municipal budget on May 21, 2026, after passing an ordinance to exceed the budget appropriation limits and establish a cap bank.
What's on the tableThe next council will take up the 2027 budget and decide whether to again exceed the cap.
- The 2026 budget authorized $27,573,712 for municipal purposes. Elmwood Park Mayor & Council regular meeting minutes, May 21, 2026 · May 21, 2026
- The cap ordinance found a 1.5% increase, amounting to $420,982, advisable and necessary. Elmwood Park Mayor & Council regular meeting minutes, May 21, 2026 · May 21, 2026
- Both the budget and the cap ordinance passed 4-2. Elmwood Park Mayor & Council regular meeting minutes, May 21, 2026 · May 21, 2026