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District presents conservative five‑year financial projections; board told referendum could reduce reactive maintenance costs
Summary
Kaneland CUSD 302 administrators presented five‑year budget projections showing a projected operating deficit driven by operations & maintenance and transportation; staff said a successful facilities referendum would allow more proactive maintenance planning and could reduce emergency spending.
District finance staff presented a five‑year projection model using Forecast5 software and recommended conservative assumptions to the Kaneland CUSD 302 Board of Education during the meeting.
Doctor Jackie Bogan said the district’s current operating funds budget is $76.4 million and outlined the primary revenue and expense assumptions used in the model, including a CPI assumption of 3.42% for the coming year and 3% thereafter, and a conservative assumption of $11 million per year in new equalized assessed value (EAV) for the…
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