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Palatine CCSD 15 warns of deeper shortfall after county tax delays, insurance claims
Summary
District leaders told the school board an updated five-year financial forecast could deepen FY2026’s shortfall to roughly $10 million, blaming delayed Cook County tax distributions and higher insurance claims while outlining transfers and staffing adjustments to protect classroom services.
Palatine Community Consolidated School District 15 finance officials told the board on Feb. 4 that an updated five-year forecast shows materially worse results than the district expected when it adopted the FY2026 budget.
Diana McCluskey, the district’s chief school business official, and Anthony Fashoda, director of finance, said the district’s original FY2026 budget adopted last September showed a $6.4 million deficit. Updated assumptions — chiefly higher-than-expected insurance claims and delayed Cook County property-tax distributions — could push that gap toward about $10 million this year, they said.
The change stems from two linked issues, presenters said: timing and claims. McCluskey said the district missed some expected spring and summer tax receipts tied to the levy-extension process and has seen…
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