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Hillsboro board adopts balanced FY25 budget after state claw‑back reduces expected receipts
Summary
Superintendent Powell presented a balanced FY25 budget; district expected corporate personal property tax receipts fell from a tentative $2.8 million estimate to $1.9 million due to a state two‑year claw‑back; board approved the budget on a 7-0 roll call vote.
The Hillsboro Community Unit School District #3 Board of Education adopted its fiscal year 2025 budget on Sept. 17 after a hearing and presentation by Superintendent Powell.
Superintendent Powell explained a state overallocation in 2022 and 2023 prompted a two‑year claw‑back affecting corporate personal property tax receipts. "The district will receive $1.9 million," Powell said, noting that the tentative budget had estimated $2.8 million. Following the presentation, Nathan Kirby moved to approve the FY25 budget as presented; John Lentz seconded and the motion carried on a roll call vote of 7-0.
Board members did not record additional conditions or amendments to the budget in the minutes. The adoption reflects the board's approval of the balanced budget as presented; the minutes do not list department-level line-item changes or projected fund balances beyond the corporate personal property tax clarification.
