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Huntley District Presents FY2026 display draft budget with $432,000 operating shortfall; board debates tax abatement timing
Summary
District financial officer presented a display draft of the FY2026 budget showing a $432,000 projected operating deficit after state funding reductions, transportation reimbursement cuts and higher health‑insurance costs; board members debated whether to include a property‑tax abatement now or revisit it later.
Huntley Community School District 158 officials presented a display draft of the FY2026 budget on Aug. 21, saying recent state funding changes and rising costs have pushed the operating budget into a deficit. Financial officer/treasurer Mister O'Connor told the board the district’s operating revenues are budgeted at about $139.3 million and expenses at $139.7 million, “bringing our operating deficit, unfortunately, to about $432,000.”
The presentation framed the shortfall around three material changes: a reduction in evidence‑based state funding after the district moved from Tier 1 to Tier 2; a lower state transportation reimbursement caused by smaller prior‑year claims; and…
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