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What is the general financial outlook for District 129?

April 26, 2017district financial outlook

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10 Posted

What is the general financial outlook for District 129?

3 Answers

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The cost of operating the district is just under $100 million dollars a year. The current 2006-2007 budget has an operating deficit of $1.9 million. Projections indicate that operating deficits will continue into the future unless operating funding is increased.

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The District 129 operating budget for 2006-07 (excluding Fire Prevention/Safety and Site & Construction funds, and debt service) is $99.9 million. The projected shortfall is estimated to be approximately $1.9 million for this fiscal year. Here in Illinois, most school districts are experiencing financial shortfalls due to inadequate funding from the state and because the states tax cap law limits how much certain taxing bodies may increase local property taxes without voter approval.

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The District 129 operating budget for 2006-07 (excluding Fire Prevention/Safety and Site & Construction funds, and debt service) is $99.9 million. The projected shortfall is estimated to be approximately $1.9 million for this fiscal year.