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Berkeley SD 87 board adopts 2024 tax levy; district not required to file reserve-reduction plan under new law
Summary
The board adopted the 2024 tax levy resolution after a presentation on Public Act 103-0394; administrators reported operating reserves are below the threshold that would require a state reserve-reduction plan.
Berkeley School District 87’s Board of Education voted to adopt the district’s 2024 tax levy resolution after a presentation on compliance with Public Act 103-0394, the state law that requires districts to calculate three-year average operating expenditures and disclose reserve balances.
Assistant Superintendent for Finance and Operations presented the public-act requirements and the district’s calculations. The district’s combined cash reserves did not exceed the statutory threshold (2.5 times the three‑year average of operating fund…
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