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Shorewood presents FY‑26 preliminary budget showing flatting deficits, proposed levy increase
Summary
District finance officials outlined the FY‑26 preliminary budget and long‑range forecast, noting efforts to flatten post‑referendum deficits, increase capital reserves and maintain working capital; board members pressed for further financial oversight and possible advisory structures.
Shorewood School District officials presented a proposed FY‑26 preliminary budget and long‑range financial forecasts at the board meeting, outlining strategies to reduce future deficits, shore up capital funds and preserve working capital.
Director of Business Services Heather (last name not specified) and Superintendent Lori Burgos walked the board through revenue and expense assumptions, fund balance allocations and a scenario analysis showing the financial path taken after the 2023 referendum. Heather said the district is budgeting just over $31 million in general fund revenue and proposed a levy that would be approximately an 8% increase over the current year in the preliminary projection; she noted she was being conservative on state aid until final state numbers are available.
Heather said the district has…
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