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Elwood presents initial 2025-26 budget outlook; flags transportation and state-aid uncertainty
Summary
District business staff presented a preliminary budget timeline and estimates: a tax-gap under 1% (~$100,000), a roughly 3% health-insurance rate increase, potential $300,000 risk if the state changes the foundation aid formula, and persistent transportation cost pressures from a 5-year contract with a roughly 7.6% base increase.
District business staff delivered the first budget workshop for the 2025-26 school year and warned of near-term uncertainty tied to state aid and transportation costs.
The presenter described the process: the initial budget is built by rolling forward the current year and applying known increases. Key drivers identified were transportation, salaries and benefits, technology, special education and debt service. The presenter said much state-level data is still unavailable and that the district's preliminary tax-gap estimate is "a little less than 1%," which staff estimated would equate to…
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