Theresa Officials Approve 2026 Budget and Set Tax Levy

The committee met on Monday, Nov. 24, to review and approve the village’s financial plan for the upcoming year. During the meeting, officials finalized a proposed general fund budget totaling $1,298,770, reflecting the village’s anticipated operating expenses and revenue sources for 2026.

Committee members discussed key budget components, including public works, public safety, administration, and ongoing municipal services. Officials noted that rising costs for materials, services, and infrastructure continue to influence budget planning, requiring careful balancing to maintain services while limiting the impact on taxpayers.

In addition to approving the general fund budget, the committee finalized the village’s tax levy, which determines how much revenue will be collected through property taxes to support village operations. Village officials said the levy was structured to meet financial obligations while remaining mindful of the burden on residents.

Following the committee’s action, the finalized budget and tax levy were forwarded to the Theresa Village Board for formal adoption. Board members emphasized the importance of transparency and public input throughout the budget process.

Village leaders encouraged residents to review budget documents and attend future meetings to stay informed about how local funds are allocated. Officials said the approved budget will guide village operations and planning throughout 2026 as Theresa continues to address infrastructure needs and evolving service demands.