Naperville 203 board adopts $379.5 million FY2026 budget after public hearing
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Summary
After a public hearing with no public speakers on the budget, Naperville Community Unit School District 203’s Board of Education approved the fiscal year 2026 budget that projects $355.5 million in revenue and $379.5 million in expenses, including planned capital spend-downs.
The Naperville Community Unit School District 203 Board of Education on June 16 adopted its fiscal year 2026 budget after a public hearing and a presentation from the district finance team.
Chief Financial Officer Mike Francis summarized the plan, saying the district projects $355,500,000 in total revenue for FY2026 and $379,500,000 in total expenditures. "Overall, we're projected to spend about 24,000,000 more in the upcoming year than we're projected to bring in on the revenue side," Francis said, adding that about $21,000,000 of that projected deficit reflects a planned spend-down of the capital projects fund for one-time construction costs.
The budget book and the Illinois State Board of Education (ISBE) form were made available to the public in the board materials. Francis told the board that the largest single revenue increase in the FY2026 budget comes from local property tax receipts and higher investment income expectations, while state and federal funding is estimated to be lower for the upcoming year.
Board members asked no substantive budget questions after the presentation and praised the finance staff’s transparency. Board member Amanda McMillan thanked the finance office for posting board members’ questions and answers for public review. Superintendent Bridges and CFO Francis recommended adoption, noting the district will file required forms with ISBE and the DuPage Regional Office of Education.
The board approved the resolution to adopt the FY2026 budget by roll call vote (see "Votes at a glance"). The resolution authorizes administration to execute and file required documents with state and regional offices as part of the statutory process.
Nut graf: The adopted budget funds ongoing operations while authorizing a large, planned drawdown of capital funds for previously approved construction projects; the administration says the spend-down is primarily one-time capital work rather than recurring operating costs.
The board will post the final budget book and file ISBE forms as required by state law.
