Glenbrook Board approves 2017-18 budget

At a meeting on September 25, the Glenbrook High School District 225 Board of Education approved the 2017-18 budget. The budget projects $133,668,674 in revenues and $141,773,674 in expenditures.
 
This is the second consecutive year that the district has put forth a budget that utilizes existing fund balance for the purposes of pre-approved life safety projects to enhance classroom facilities for students.  This year’s $8.1 million deficit is reflective of the purposeful use of life safety funds which must be spent within three years.
 
As part of the budget process, the district considered recent legislation and cited the potential impacts on district funding in regard to:
 
  • Senate Bill 1 > Senate Bill 1947 > PA 100-0465; the Evidence-Based Funding for Student Success Act
  • Senate Bill 42 > PA 100-0023; the Budget Implementation Act
  • Senate Bill 6 > PA 100-0021; the Budget Appropriations Act

     
These acts all have potential implications on the amount that school districts in Illinois will receive from the state. At this time, the district is forecasting that it will continue to receive the same level of state funding that was appropriated for the 2016-2017 school year, as well as catch-up payments from previous years.
 
“The district will continue to monitor the implementation of the legislation by the Illinois State Board of Education, and will be providing regular updates to the Finance Committee and the full Board throughout the school year,” said assistant superintendent for business services Dr. R.J. Gravel.
 
The District is 91 percent locally funded, primarily through property taxes, with seven percent of funding provided by state and federal sources. This structure gives District 225 taxpayers greater control over the quality and value of their schools. It also ensures a favorable credit rating and protects the schools from severe fluctuations in revenues from both state and federal sources, which could result in the elimination of programs.
 
Glenbrook Board approves 2017-18 budget