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District 300 posts tentative FY26 budget, schedules Sept. 23 public hearing
Summary
District 300 administration presented a tentative FY26 budget showing a planned drawdown of roughly $12.2 million, attributed to a planned deficit tied to capital maintenance and shifting state Evidence Based Funding (EBF) tiers; the budget was released for 30-day public review and a public hearing was scheduled for Sept. 23.
District 300 administration on Tuesday displayed a tentative FY26 budget and announced a 30-day public review period with a public hearing set for Sept. 23, the board operations committee heard.
The budget presenter (staff member) told the committee the tentative FY26 plan estimates roughly $406 million in revenues and requests about $418 million in spending authority, producing a planned drawdown of about $12.2 million from the district's fund balance. The presenter described that as a “planned deficit, not a structural deficit.”
Why it matters: the district projects a closing FY25 unaudited fund balance of roughly $223.7 million, representing about 43.8% of annual operating expenses — above the board policy target of 30% and more than six months cash on hand. The budget documents and presentation say the district accumulated reserves intentionally to fund a multi-year master facility plan…
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