District 15 adopts FY2026 budget, authorizes up to $25 million in tax‑anticipation warrants after Cook County tax‑bill delay

District 15 adopted its fiscal year 2026 budget and voted to authorize short‑term borrowing after officials said Cook County’s delay in mailing property tax bills is creating year‑start cash‑flow pressures. At the board meeting, staff recommended and the board approved a resolution authorizing up to $25 million in taxable tax‑anticipation warrants — $20 million for the education fund and $5 million for bond and interest — and a temporary loan from the education fund to the transportation fund.

The district’s finance presenter warned the board that property taxes make up roughly 80% of general revenue and that Cook County’s software conversion has delayed bills that are normally mailed in June and due in August. “The frustrating thing is we do not know when the county is gonna release tax bills,” the presenter told the board, adding the uncertainty makes it hard to plan. District staff told the board…