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Budget presentation: District warns rising special‑education costs and capital transfers could shrink reserves without policy changes
Summary
District business staff told the Oak Park–River Forest board that FY26 is a pivotal year because of large capital spending on Project 2 and rising special‑education costs, and they presented scenarios that would require levy or expenditure changes to maintain reserves.
District finance staff presented the tentative FY26 budget and two five‑year projection scenarios, warning that ongoing special‑education cost growth and large transfers to capital related to Project 2 will set a new fiscal baseline.
Brian, the district business officer, told the board that property taxes supply the majority of revenues and that the tentative FY26 revenue budget is about $108 million. He said FY26 includes approximately $62 million in construction costs (roughly 40% of the budget), $54 million of which are for Project 2, and that operating funds will transfer about $42 million toward capital work during the year. "We have, in this…
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