Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Wilmette SD 39 reviews draft 2027 budget as interest income falls and benefit costs rise
Summary
At its May 11 Committee of the Whole meeting, Wilmette School District 39 reviewed a first draft of the 2027 budget that projects property-tax revenue (including debt service) above $72 million while noting a drop in interest income, lower state reimbursements for special-ed transportation and rising employee benefit costs.
Wilmette School District 39’s Committee of the Whole on May 11 reviewed a first draft of the district’s fiscal 2027 budget, hearing that property taxes remain the largest revenue source even as interest income and some state reimbursements decline.
District finance lead Mr. Voltemeyer told the board the draft incorporates current assumptions—a 2.9% consumer‑price index and a net collection rate set at roughly 98%—and shows property-tax revenue, including debt service, exceeding $72 million. “Property taxes now surprisingly is our overwhelmingly top top area,” he said.
Why it matters: the budget combines steady property-tax receipts with weaker operating revenue lines. Voltemeyer said interest…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
