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District 186 presents amended FY26 budget showing larger projected deficit; board sets follow-ups
Summary
Springfield SD 186’s finance team reported an amended FY26 operating shortfall rising to about $18.7 million, driven by lower-than-expected CPPRT and levy extension receipts and proration changes affecting transportation; trustees scheduled public hearings and follow-ups.
The Springfield School District 186 business manager presented the district’s March financial report and the FY26 amended budget showing operating revenues of $231,000,000 and expenditures of $249,000,000, producing a projected operating deficit of approximately $18.7 million.
The business presenter (S5) told the board the amended deficit climbed from an original projection of $17.85 million after the district adjusted revenue forecasts, including about $3 million less in County Public Utility Replacement Tax (CPPRT) receipts and roughly $1 million lower levy-extension revenue. S5 said the district still anticipates two remaining…
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