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District 186 reports $125.8 million in capital funds; flags possible loss in transportation reimbursement
Summary
District finance staff reported a $125.8 million ending balance in capital funds, $359,704.64 in outstanding state payments and warned the May state budget could reduce transportation reimbursement by about 10%, potentially costing $1.5–2 million.
Mr. Miller presented the district's business report to the Springfield Public Schools District 186 Board of Education on May 5, 2025, saying outstanding state payments for fiscal 2025 totaled $359,704.64 as of May 29, 2025, and the district’s capital projects investment fund had an ending balance of $125,830,781.03 as of April 30, 2025.
Miller reported the district received $85,938,850.99 in 2025 alternate…
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