At a regular meeting on July 30, the Glenbrook High School District 225 Board of Education reviewed the tentative budget for 2018-19. The proposed operating budget is balanced and projects $126,381,256 in revenues and expenditures.
“This year’s tentative budget represents an ongoing effort to provide exceptional educational experiences for our students,” said Assistant Superintendent for Business Dr. R.J. Gravel. “The recent completion of multi-year collective bargaining agreements between the Board of Education and the staff is an important factor in maintaining the school district’s continued strong financial stability.”
As part of the budget discussion, the Board reviewed the previous fiscal year. During the 2017-18 school year, the district ended with an estimated $475,665 surplus due to early taxes received from taxpayers in December 2017.
District 225 is 94 percent locally funded through property taxes. Less than six percent of the district’s revenue is provided by state and federal sources. This structure gives taxpayers greater control over the quality and value of their schools. It also ensures a favorable credit rating and protects the schools from fluctuations in revenues from both state and federal sources.
The tentative budget for 2018-19 will be posted on the district’s website for public viewing starting July 31. The community will have an opportunity to provide input on the tentative budget during a public hearing at the regularly scheduled Board Meeting on September 11, at 7 p.m. in the Glenbrook High School District Office located at 3801 W. Lake Avenue in Glenview. In addition, the budget will be available for public viewing at the District Office reception desk, Suite 101A, for no less than 30 days.
The Board is expected to adopt the final budget during the business portion of its meeting on September 24.