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Waukegan CUSD 60 presents 2025'1026 budget showing $28.7M gap; board may consider 4.99% levy
Summary
At a March 18 budget transparency presentation, Waukegan CUSD 60 finance leaders showed operating revenues of $269.9 million and expenditures of $298.6 million for 2025'1026, described a widening gap and said the board may decide whether to pursue a levy up to 4.99%.
Waukegan CUSD 60 finance leaders presented the district's 2025'1026 operating budget at a March 18 budget-transparency session, saying revenues total $269,871,000 against expenditures of $298,582,000 and warning that the difference will draw down district reserves.
Brian Lolsa, director of business and financial services, walked attendees through the numbers, saying the operating-fund picture reflects state aid growth but rising costs. "The big takeaway here is expenditures ... and the difference is $28,711,502," he said while showing slides that break expenditures down by salaries, benefits, purchased services and other object codes.
Miss Polk, who read a financial-outlook message from the superintendent, urged calm but action. "This is not a cause for alarm but an opportunity for deliberate planning," she said, adding the district is monitoring long-term projections and will engage stakeholders on trade-offs.
Why it matters: salaries and benefits make up the bulk of district spending. Presenters said…
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