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Waukegan CUSD 60 projects revenue drop for FY26, flags use of reserves and possible tax increase
Summary
District finance staff presented a FY2026 budget profile showing a projected revenue decline, planned use of fund balance to avoid an immediate deficit and a recommendation that the board consider restoring property tax capacity left unused since 2018.
Waukegan CUSD 60 officials presented a proposed fiscal year 2026 budget profile that assumes a sizable drop in revenue next year and relies on reserve funds to avoid an immediate deficit. Associate Superintendent for Business Services Gwen Polk told the board the district used conservative assumptions, including holding many line items flat while incorporating ISBE's 4.1% evidence‑based funding request into projections.
Polk said the presentation aimed to give the board a “picture of the landscape” and that the district does not intend to present a deficit budget for FY26. “We think that it's going to not create a deficit,” Polk said during the presentation.
The district's materials show a projected revenue figure of about $279 million for FY26 and list a budgeted…
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