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Urbana SD 116 adopts tentative FY25 budget despite projected $2M shortfall
Summary
The Urbana SD 116 Board adopted its tentative budget before the June 30 statutory deadline, saying final revenue figures and September hearings will guide mid-year adjustments; board members raised concerns about a roughly $2 million projected structural deficit and the end of some grant funding.
The Urbana SD 116 Board of Education adopted its tentative FY25 budget at a special 6:00 meeting, completing a statutory step required before June 30. Board members and staff said the tentative document will be refined ahead of a public hearing in September when final revenue and spending figures are clearer.
The board's finance staff explained that the district is projecting about a $2,000,000 deficit going into the 2024-25 academic year, a far smaller shortfall than last…
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