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District finance director warns federal grant pauses could push 2025–26 budget to $2.1 million deficit
Summary
At the July 16 board meeting, finance presenter Chris Wildman said federal pauses in grant disbursements and reductions to state grants raise the district's projected operating shortfall to about $2.1 million and outlined next steps including a public hearing Sept. 17 and continued monitoring.
Chris Wildman delivered an update on the Community Consolidated School District 46 preliminary budget on July 16, saying the operating budget presented at tentative adoption showed an $1.8 million deficit and that reductions or pauses to federal and state grants could increase that shortfall to about $2.1 million. "The current operating budget as presented was $1,800,000 deficit," Wildman said, later adding, "If that is actually what we have, we're at $2,100,000 deficit." The budget will remain on public display through mid-September and the district plans a public hearing on Sept. 17 and a state filing on Sept. 30.
Wildman told the board the recommended budget now includes the full cost of the newly ratified Grayslake Federation of Teachers contract and that a state teacher vacancy grant allocation decreased from $185,000 to $123,383. He said several federal funding…
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