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Huntley 158 releases first draft FY27 budget showing $523,000 shortfall; five‑year deficit risk flagged
Summary
Board heard a first draft of the FY27 budget showing projected revenue of about $143.2 million and expenses of about $143.7 million, resulting in a $523,000 deficit; administrators warned five‑year projections could reach $7–8 million without additional actions and identified staffing and rising benefit costs as primary pressure points.
Huntley Community School District 158 presented the first draft of its FY27 budget at the Feb. 19 board meeting, showing estimated revenue of approximately $143,200,000 and projected expenses of roughly $143,700,000, producing an operating shortfall of about $523,000.
The finance presentation laid out assumptions and risks: modest increases in evidence‑based funding, an anticipated $2.7 million CPI input for levy year assumptions, reduced interest revenue (estimated down by about $600,000), and planned capital items. The district noted…
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