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Skokie SD 68 board approves multimillion-dollar transfers to fund capital projects and tort coverage
Summary
Board approved budget transfers that reallocate millions into the capital projects fund and tort fund to pay for ongoing construction and related services; the roll-call vote recorded multiple yes responses.
The Skokie School District 68 Board approved a set of budget transfers to shift funds into capital projects and tort accounts to support ongoing construction and related expenses.
On the motion presented the district moved funds among major funds: the motion text included transfers described as $10,000,000 (working cash to capital projects), $7,300,000 (education fund to capital projects), $7,200,000 (operations & maintenance to capital projects) and $220,000 (working cash to tort). The motion was seconded and approved by roll call; the transcript records affirmative "yes" responses from multiple members during the vote.
Administrators said the transfers reflect planned capital outlays tied to current construction work, and Ms. Austin had earlier explained that spending will draw down certain fund balances as projects are completed. Board members discussed the ECC project earlier in the hearing as a driving factor in the districtcapital spending plan.
