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CFO outlines FY26 revenue outlook: property taxes and investment income buoy district, state and federal support uncertain
Summary
Naperville CUSD 203’s chief financial officer presented a revenue-focused preview of the tentative FY2026 budget, highlighting property-tax growth and strong investment income while noting declines or uncertainty in CPPRT and some state categorical reimbursements.
Mike Francis, the district’s chief school business official and CFO, briefed the board on revenue expectations for the 2025–26 fiscal year at the April 21 meeting, previewing the tentative budget the board will receive at its May 5 meeting.
Francis summarized the district’s revenue mix and identified several knowns and uncertainties: more than 85% of the district’s revenue comes from local property taxes, with the district’s 2024 levy driven by a calendar-year CPI adjustment and roughly $28 million in new construction growth included in the 2024 tax extension. That combination increased the district’s extension to $303,591,000 and yields an estimated roughly $11.3 million in additional levy revenue to support operations in the…
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