North Shore SD 112 adopts $112.3 million revenue budget, approves major interfund transfers

The Board of Education of North Shore School District 112 on Aug. 19 adopted the district’s 2025–26 budget, approving total revenues of $112,328,715 and total expenditures of $157,438,417. Assistant Superintendent for Business Services Jeremy Davis told the Board the district’s core operating budget (excluding capital projects) is balanced at $111,204,551, while capital spending produces an overall deficit of $(45,109,702).

Davis outlined that 87.2% of the district’s revenue will come from local property taxes and that expenditures are primarily allocated to salaries (34.1%), capital outlay (31.9%) and purchased services (13.3%). The Board approved four permanent internal transfers tied to the budget: $12,000,000 from the Education Fund to Operations & Maintenance, $12,000,000 from Operations & Maintenance to Capital Projects, $1,500,000 from Education to Transportation, and $3,867,388 from Operations & Maintenance to Debt Service. President Art Kessler called for a roll-call vote; the budget and associated resolutions passed unanimously (AYES: Butler, Fink, Fishman, Hirsh, Itkin, Kessler).

The Board also adopted Resolution 250819d authorizing administration to begin preparing the FY27 budget and scheduled further Finance Committee review of capital priorities. The adoption came after a public hearing on the tentative budget; no members of the public offered comment during the hearing.

Provenance: The budget figures and vote are recorded in the meeting presentation and roll-call votes during the Board’s Aug. 19 regular meeting.