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Huntley 158 presents first draft of FY2026 budget showing $1.24M operating surplus
Summary
District finance staff presented the first draft of the Fiscal Year 2026 budget to the Board's Finance Committee, highlighting a $1.24 million operating surplus, key revenue assumptions and several state-level uncertainties that may change final numbers.
Huntley Community School District 158 finance staff presented a first-draft FY2026 budget to the Board’s Finance Committee on April 3, showing a balanced plan with a projected operating surplus of $1,240,000 while flagging multiple state and federal uncertainties that could alter the forecast.
The draft relies primarily on local property tax revenue — including an estimated $50,000,000 in new construction that the presenter said added roughly $2 million in revenue — and a set-aside of $350 million at the state level for evidence-based funding (EBF) that the presenter expects will keep the district at Tier 2 and produce about $1,200,000 in state revenue for FY2026. The presenter said the draft includes a placeholder for a 3.5% increase for support-staff bargaining and a 7%…
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