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Finance director: property taxes on budget; federal funding shifts could pressure lunch and Medicaid programs
Summary
District Director of Finance Ryan Abrahamson reported Feb. 3 that property taxes and evidence-based funding are tracking on budget, but federal funding changes — notably for school lunch and Medicaid reimbursements — could affect operations and debt payments.
At the Feb. 3 West Aurora School District 129 Board of Education meeting, Director of Finance Ryan Abrahamson delivered the district’s second-quarter treasurer’s report and flagged several federal- and state-level funding items that could affect future budgets.
“Property taxes are doing well, trending right on budget,” Abrahamson told the board, adding that the district’s evidence-based funding (EBF) allotments include unbudgeted tier funding this year. He reported that the district budgeted $3,000,000 for CPPRT receipts and has received about $1.6 million so far.
Abrahamson said the district has received ESSER funding…
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