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Oak Park D97 presents balanced tentative FY25 budget; district relies heavily on local property tax revenue
Summary
District finance staff presented a tentative FY25 budget the board will vote on in September, reporting a balanced tentative budget, about 123 days cash on hand (~4 months), roughly $6.6 million invested in FY24 facilities work, and major revenue reliance on local property taxes (~78%).
Assistant Superintendent for Finance and Operations Sheila Johnson and consultant Rock/Rob Grossi presented Oak Park Elementary School District 97’s tentative fiscal 2025 budget on Aug. 13 and outlined the timeline leading to final board action in September.
Key figures and drivers. Staff reported an unaudited FY24 close that achieved the board-approved balanced budget and noted about $6.6 million invested in facilities during the fiscal…
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