At a regular meeting on September 24, the Glenbrook High School District 225 Board of Education voted to adopt the final budget for 2018-19 school year. The approved operating budget is balanced and projects $127,864,256 in both revenues and expenditures.
“This year’s 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 process, 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 Board originally approved a tentative budget on July 30, and encouraged community input through a public hearing held on September 11 and by posting the document online. The final budget is posted at www.glenbrook225.org