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Sycamore board adopts 3.5% financial parameter after five-year forecast showing cash risk by 2030
Summary
The Sycamore Board of Education voted unanimously to adopt financial parameters tied to total expenditures and approved a five-year forecast that projects the district could dip below its 25% cash-balance goal in 2028 and face cash exhaustion by 2030 without additional revenue or levy action.
The Sycamore Board of Education on a unanimous vote adopted a resolution that caps average total-expenditure growth at 3.5% from 2026 through 2030 and approved a five-year financial forecast staff said shows risk to the district’s cash reserves.
Board members heard a slideshow summary of the forecast that staff said pulls from the full five-year document available on BoardDocs. The presenter said Sycamore is “a locally funded public school district with 85% of our funds coming from our local community” and highlighted that state funding comprises about 15% of revenues.
Why it matters: staff told the board the forecast assumes an 11% county property-value update by 2030 that would yield roughly $3 million total from 2027 to 2030, and a recently phased-in…
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