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Board hears FY26 budget assumptions; finance committee details position and stipend changes
Summary
District finance presenters told the board a lower tax-extension estimate reduced projected surplus by $96,000 but the district still expects a $610,000 surplus for FY26; the finance committee also discussed position-control changes, stipend adjustments and technology/equipment purchases.
The Round Lake Area Board of Education heard an update on fiscal 2026 budget assumptions at its April meeting, where finance presenters said a reduction in the district's tax-extension estimate lowered a previously projected surplus by $96,000 but left the district with a projected surplus of $610,000.
“From the March meeting until the April meeting have changed, by a reduction of our surplus of $96,000 … we were just able to finalize that extension, and now our budget assumptions reflect that,” the finance committee presenter told the board.
The presenter said the change resulted primarily from a $220,000 reduction in the district's tax-extension estimate and noted recent finalization of…
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