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District 300 unveils FY26 tentative budget with planned $12.2 million deficit; $418 million spending authority requested
Summary
Chief Financial Officer Frank Williams presented a tentative FY26 budget that anticipates $405.7 million in revenue, $418 million in expenses (a planned $12.2 million deficit), and about $32 million in capital maintenance projects; the board approved displaying the tentative budget and publishing the public hearing notice.
Community Unit School District 300 officials on Tuesday presented the district’s FY26 tentative budget, asking the board to display the budget for public review and publish a hearing notice. Chief Financial Officer Frank Williams outlined revenues and expenses that result in a planned deficit and detailed capital maintenance priorities tied to the district’s master facility plan.
Williams said the district anticipates roughly $405.7 million in revenues for FY26 and requests $418 million in spending authority, producing a planned deficit of about $12.2 million. He described the deficit as "planned" and not structural, noting administrators can adjust capital…
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