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District finance update: CCSD 46 operating fund below board target; projections show funding gap and tier implications
Summary
Finance staff updated five‑year projections showing the district operating fund below the board’s 25% threshold and noted a roughly $15 million adequacy gap; staff explained how moving into Tier 2 under Illinois EBF reduces incremental state contributions.
District finance staff presented updated five‑year financial projections to the CCSD 46 board on Jan. 28, outlining assumptions and risks and explaining how recent local action interacts with state funding formulas.
The presentation used the adopted 2025–26 budget, the 2025 tentative levy, audited balances and current collective bargaining agreements. Presenters highlighted key assumptions: a 17% increase in health‑insurance costs in the coming renewal year (with 7% assumed for out years), a 15% increase in special‑education tuition costs and 4% for purchased services…
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