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Minooka CHSD 111 posts FY26 tentative budget, cites 6% EAV growth and transportation revenue gains
Summary
The Minooka Community High School District #111 board voted to post its FY26 tentative budget, projecting a 6% equalized assessed value increase and higher Transportation Fund revenue after assuming District 201's transportation services; the budget remains within Board Policy 4:20 fund‑balance targets.
The Minooka Community High School District #111 board voted Aug. 20 to post its tentative fiscal 2026 budget, a preliminary step that sets assumptions for a public budget hearing in September.
John Troy, a district staff member, told the board the tentative budget is based on an estimated 6% growth in equalized assessed value (EAV) and an objective to reduce the tax rate. Troy said Transportation Fund revenues are higher in the preliminary figures because the district has taken over District 201’s transportation operations and will bill District 201 for those services; he cautioned that expenses also increase to reflect that service provision.
Troy said planned transfers from operating funds to capital accounts (Education, O&M, Transportation and Working Cash) are anticipated and that the district’s projected year‑end fund balances for June 30, 2025 and estimated June 30, 2026 fall within Board Policy 4:20’s 15%–20% fund‑balance guidance.
Board members voted to post the tentative budget by motion (motion by Mike Hoyt, seconded by Bert Kooi). The tentative budget will be revised as needed before the formal budget hearing in September.
Why it matters: posting the tentative budget opens a public review and hearing process and frames tax‑rate and spending assumptions for the coming year. Changes to EAV or the estimates for Transportation Fund costs could affect final levy decisions.
What’s next: the district will present a revised budget at the September budget hearing, where the board may adjust assumptions and fund transfers before adopting a final levy and budget.
