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Urbana SD 116 presents FY26 budget assumptions; tentative Ed Fund balance remains strong
Summary
Finance staff told the board the FY26 budget is built on conservative assumptions: property‑tax growth tied to a 2.9% CPI, $7M new construction, an expected $933,000 increase in EBF funding, and one‑time energy incentives. The district reported an Ed Fund starting balance of about $17.8 million and will return the final budget for approval on Sept. 16.
Mary Anne, the district finance lead, presented the tentative FY26 budget and explained assumptions and notable changes from FY25. As of June 30, 2025, she said, FY25 revenues exceeded budget by approximately $500,000 while expenditures exceeded budget by about $1,000,000 (largely because of a PROFINA tax settlement). Despite that, she said, the Education Fund begins FY26 in a strong position with a projected balance of approximately $17,800,000.
Major revenue assumpti…
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