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Glenview CCSD 34 presents FY26 tentative budget showing $2.8 million operating deficit; public hearing scheduled
Summary
Board reviewed the tentative fiscal year 2026 budget showing an operating funds deficit of about $2.8 million and an all-funds deficit near $9 million, and approved placing the tentative budget on public display and calling for the required hearing later in the year.
Assistant Superintendent of Business Services Eric Miller presented the district’s tentative fiscal year 2026 budget, saying it is a first read and that the board will be asked to approve the tentative budget in June and call a public hearing as required. “So tonight, we're gonna go over it's a first read of the FY 26 tentative budget,” Miller said.
Miller said the district shows an all-funds deficit of almost $9 million when including construction activity but an operating-funds deficit of about $2.8 million. He said the district’s revenues are heavily reliant on local sources — about 89% — primarily property taxes, while 75% of expenses are salary and benefits. Miller noted several assumptions that underlie the budget, including flat state and federal revenues, declining Corporate Personal Property Replacement Tax (CPPRT) back toward pre-pandemic levels, transportation cost increases after recent bids, and healthcare/benefit assumptions for calendar year 2026.
Miller said the tentative budget includes a $2.75 million assumption related to the district’s planned withdrawal from the True North Educational Cooperative; the budget also includes $7 million in estimated construction costs and a $3 million set-aside for long-term building maintenance. He said the district is setting aside funds for curricular materials (presentation slides showed $700,000; the memo referenced $1 million), and staff flagged that the number in the presentation may differ from a memo and will be reconciled.
Board members asked clarifying questions about the comparison to projections presented earlier to the Citizens Finance Advisory Committee (CFAQ), supply and curriculum set-asides, and the impact of a potential withdrawal fee to leave True North. Miller said the tentative budget is an estimate and that the district will update assumptions as more information becomes available. He outlined the timeline: the tentative budget will be on public display for at least 30 days, the board will hold a public hearing, and the district must submit its final budget to the Illinois State Board of Education (ISBE) by Sept. 30.
