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Iroquois board hears 2026–27 budget preview; leaders warn state aid may not match inflation
Summary
District leaders previewed the 2026–27 budget philosophy, noting foundation aid and the tax levy supply most revenue; they warned CPI-driven costs outpace those revenue sources, described a planned $470,000 drop in building aid tied to a maturing bond, and said more financial detail will appear at the Feb. 4 meeting.
District budget staff (John, referenced) presented a fiscal outlook and preliminary budget philosophy to the board, emphasizing that most district revenue (presenter cited roughly 78%) comes from foundation aid and the tax levy and that rising costs driven by inflation have not been matched by state revenue growth.
The presentation highlighted three practical pressures: state aid formulas that leave many districts 'hold harmless' (limiting…
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