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Evanston District 65 board adopts 2025 tax levy and authorizes short‑term warrants as $4.5M FY27 gap looms
Summary
Board approved the 2025 tax levy, a supplemental levy and a resolution authorizing up to $65 million in tax anticipation warrants as administrators said FY27 will need roughly $4.5M in operating reductions to maintain 90 days cash on hand.
Evanston Community Consolidated School District 65 on Dec. 15 adopted its 2025 tax levy and approved emergency financing steps after administrators said the district faces a projected FY27 shortfall requiring about $4.5 million in operating reductions.
Administrators presented three financial projection models under the district—s Structural Deficit Reduction Plan (SDRP) Phase 3 that differ mainly in capital assumptions for Foster School. Tamara (finance lead) said the models assume 2% revenue growth and projected utility increases of 15%–20%, and warned that "without any further action, the structural deficit will remain" and that under the stated assumptions "a net reduction of $4,500,000 is projected to be needed in FY27 to maintain a…
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