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District adopts tentative FY26 budget amid revenue timing shifts and rising costs
Summary
At its Aug. 13 meeting the Evergreen Park Elementary School District 124 board approved a tentative fiscal year 2025–26 budget after district staff outlined lower projected revenues, construction drawdowns and increases in salaries, transportation and insurance.
The Evergreen Park Elementary School District 124 Board of Education on Aug. 13 approved a tentative budget for fiscal year 2025–26 after district finance staff described an expected drop in some revenues and cost increases in several areas.
Finance staff presented figures showing real estate tax receipts will be lower this year in part because of timing of payments and a property tax relief grant abatement; the presentation projected a roughly $2.6 million decrease in real estate tax revenues and an approximately $1.8 million abatement tied to the property tax relief grant. The presenter also cited a projected…
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