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St. Charles CUSD 303 outlines more than $400M in facility needs; board OKs community engagement on priorities and funding
Summary
CFO Jennifer Porter and facilities director Amanda Stuber told the St. Charles CUSD 303 board on Oct. 14 that more than $400 million in documented facility needs exist districtwide and recommended community engagement to prioritize projects and funding options.
District finance and facilities leaders told the St. Charles CUSD 303 Board of Education on Oct. 14 that a 2020 facilities assessment and subsequent reviews document more than $400 million in renewal and modernization needs across district buildings and that the board should convene community engagement to set priorities.
Jennifer Porter, chief financial officer, described the district's improved financial position and external credit metrics — an AA+ rating and a perfect 4 state financial profile score — but noted most district revenue is already committed to instruction, transportation, debt and required costs. Porter said that "after this budget year, only about 10% of total resources will remain available for…
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