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Naperville CUSD 203 hears revised five‑year forecast showing more than $12 million shortfall
Summary
CFO Mike Francis told the board on Feb. 2 that the district’s updated five‑year forecast projects a deficit exceeding $12 million for next year; administrators proposed a mix of state advocacy, modest fee adjustments and expenditure reductions and will return with recommendations before the May budget vote.
Mike Francis, Naperville CUSD 203’s chief financial officer, told the board of education on Feb. 2 that an updated five‑year financial forecast shows a continuing and growing gap between revenues and expenses and that “Next year's current projected deficit remains greater than $12,000,000.”
The update incorporated the final 2025 consumer price index of 2.7%, which Francis said will be used in calculations for the December 2026 tax levy. He said the forecast otherwise rolls forward prior assumptions and that the district’s work to close the gap will include continued advocacy at the state level,…
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