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Finance Committee · 2026-09-03

Two items. One of them is minutes approval.

That leaves one real thing on the agenda Wednesday, and it’s a conversation that tends to follow Oak Park’s budget around for years: how the village pays for police and fire pensions over the long haul.

The 3 items worth your attention

Well, the one item worth your attention.

The committee is sitting down to talk through the village’s long-term funding strategy for both the police and firefighter pension funds, with a specific look at the current funding status of the Firefighters’ Pension Plan (5-B). This isn’t a vote on anything. It’s a working discussion, the kind where committee members dig into actuarial assumptions and contribution timelines before those numbers eventually show up in a budget proposal. Pension funding gaps don’t fix themselves quickly, and the strategy the village lands on shapes what residents pay in property taxes for a long time out.

Roads & property

Nothing on this agenda.

Where the money’s going

No contracts or grants on this agenda.

Also notable

The committee will take up minutes from four prior meetings: July 2, July 16, August 6, and August 20 (4-A).

Public comment is typically offered at the start of the meeting. Check oak-park.us or call the Village Clerk’s office to confirm the format and dial-in or in-person details for September 3.

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