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Kaneland board adopts conservative assumptions for 2026–2035 financial projections, approves donations and policy updates
Summary
Kaneland CUSD 302 trustees voted 5–0 to direct administration to use recommended revenue and spending assumptions for the district's 2026–2035 financial projections; the meeting also approved two small donations and PRESS policy updates on first reading.
The Kaneland CUSD 302 Board of Education voted unanimously to direct administration to use the recommended assumptions when preparing the district’s 2026–2035 financial projections, a step trustees said will help the district plan for steady curriculum and facility investments.
At the board’s Nov. 1 meeting, district finance staff told trustees that revenue assumptions are particularly sensitive to changes in the consumer price index (CPI). "If we're off CPI by 1%, that would be a huge — we're looking at about $600,000 difference to our local tax levy," said Dr. Bogan, the district finance lead. Staff also noted that every $1 million of new equalized assessed value (EAV) yields roughly $42,000 in additional levy revenue, so the district emphasized conservative CPI planning over relying on uneven property-growth projections.
The motion directing administration to use the assumptions was moved and seconded and passed on a 5–0 roll call. Voting "aye" were: Mr. Mankivsky; Dr. Lawler; Mr. Cook; Mr. Kliesner; and Mrs. Simmons. The board president announced the motion carries 5 to 0.
Votes at a glance
- Piemonte family donation: The board accepted a $500 donation to the Kaneland High School theater program. Superintendency recommended acceptance; motion carried 5–0. - Lemke family donation: The board accepted a trumpet valued at $500 donated to a middle-school band program; motion carried 5–0. - PRESS policy updates (first reading): The board approved recommended verbiage changes and clarifications from PRESS on first reading; motion carried 5–0.
Why it matters
Trustees said adopting conservative assumptions helps stabilize a multi-year plan that balances curriculum and capital needs without repeatedly returning to voters for new referenda. Administration told the board that, even after the recently completed referendum project focused on the high school, the district still anticipates roughly $9 million in additional ongoing capital needs that are not covered by referendum funds.
What’s next
Administration will use the adopted assumptions for its 2026–2035 financial modeling and return with budget projections and any follow-up recommendations for board consideration.
