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Waukegan CUSD 60 projects $26.6 million FY26 education-fund deficit, urges tax-levy increase to shore up reserves
Summary
District officials presented a proposed FY2026 budget that shows a $26.6 million deficit in the education fund and an estimated ending fund balance of about $30 million, and asked the board to consider raising the tax levy after years of a flat property-tax extension.
Waukegan Community Unit School District 60 officials told the board Tuesday that the district’s proposed fiscal 2026 budget shows a structural gap in operating funds and that trustees should consider increasing the tax levy to stabilize long-term finances.
At the board’s Aug. 5 budget workshop, Miss Polk, business-office staff, opened the finance presentation and said the superintendent’s aim is to avoid cutting direct student supports: “The superintendent's intent, no direct student support will be cut,” Polk said. Later she answered a direct question from a board member: “We need the money,” she said, when asked why the district would seek a levy increase.
The proposed fiscal 2026 budget for the education fund begins with an estimated $57 million and projects revenues of about $245 million against expenditures of roughly $271 million, producing an estimated deficit…
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