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Homewood SD 153 adopts FY2026 budget with $753,000 operating deficit, plans bonds for school repairs
Summary
The Homewood School District 153 board on Sept. 15 adopted its fiscal year 2026 budget showing an operating deficit driven by property tax adjustments and planned budget cuts, and approved issuing life-safety bonds to fund building repairs without increasing the debt portion of taxpayers' bills, officials said.
The Board of Education of Homewood School District 153 on Sept. 15 approved the district's fiscal year 2026 budget, adopting a spending plan that includes an operating deficit of $753,000 and a package of life-safety repairs to be financed in part by bonds.
The budget vote followed a public hearing and a presentation by district business manager Dr. Eric Trimberger, who said the district increased projected revenues by roughly $315,000 and trimmed expenditures by about $30,000 since the preliminary budget was discussed. "We increased our revenues about $315,000 . . . and we increased our Medicaid reimbursements through the timing of when we received those from the state," Trimberger said. He also told the…
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