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District 64 board adopts FY2026 final budget after public hearing
Summary
The Park Ridge-Niles School District 64 Board of Education held a public hearing on its fiscal year 2026 final budget, disclosed cash balances for major funds, and adopted the FY2026 budget by roll call vote.
Park Ridge-Niles School District 64 adopted a final budget for the fiscal year beginning July 1, 2025, and ending June 30, 2026, after a brief public hearing and a roll call vote by the Board of Education.
The public hearing was convened under the school code; the board said the hearing was conducted “pursuant to section 17-1 of the school code” and noted that the board previously adopted resolution 13 68 to post notice and make the proposed budget available for public inspection for at least 30 days. The board said the budget was available on the district website and at the district office at 8182 Greendale Avenue, Niles, Illinois 60714.
The administration disclosed cash balances as of June 30, 2025: Education Fund $25,449,863; Operations and Maintenance $6,573,358; Debt Service $1,999,556; Transportation $3,960,203; Municipal Retirement and Social Security $974,313; Capital Projects $885,708; Working Cash $2,902,498; Tort $306,816. After no public comments on the hearing, the board returned to regular session and took final action.
Board discussion and packet materials described the FY2026 operating funds as roughly $97.9 million in projected revenue and $92.2 million in expenditures, with transfers shown for bond payments. The district reported a projected beginning total fund balance of about $99 million and an ending balance of about $66 million next year; projected total revenue including planned bond proceeds was cited at approximately $142 million, with about $30 million expected from a bond sale. The capital program and construction related spending were reflected in a larger total-expenditures figure of about $175 million tied to ongoing building projects.
A motion to adopt the budget was made and seconded; the board conducted a roll call vote. Board members recorded in the roll call as voting “yes” included Doubleday, Klein, Rankin, Luise, Kempel and Milligan; the board president announced the budget was adopted.
The district emphasized that the adopted budget is balanced and that the operating fund balance is expected to grow; officials also noted the planned sale of referendum bonds and that some fund balances and total balances reflect the timing of issuing that debt.
