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Springfield SD 186 reports FY26 shortfalls, explains Evidence-Based Funding impact
Summary
The Springfield SD 186 board heard a November finance report showing FY26 ed fund revenues of $8.1 million versus expenditures of $20 million and an explanation of Illinois' Evidence Based Funding (EBF). Officials said the district is at 76.32% adequacy (tier 2) and will receive about $1.1 million in new BFM money this year.
The Springfield SD 186 Board of Education was told on Dec. 15 that the district faces a large operating gap for fiscal year 2026 while staff outlined how state Evidence Based Funding (EBF) affects local allocations.
Business official (identified in the meeting) told the board that FY26 ed fund revenues through November were $8,100,000 and expenditures were $20,000,000, meaning expenditures exceeded revenues by about $12,000,000. The district reported a combined cash balance of $85,900,000 across all funds and $44,800,000 in operating funds…
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