The budget presentation was a focal point, illuminating the complexities of educational funding. Taxpayers account for just under 73% of the general fund budget, with state aid contributing just under 19%. A 1% tax levy increase is recommended for the current year, adhering to a 2% cap, though waivers for healthcare costs could permit exceeding this limit. The district decided against using the healthcare waiver this year, a choice that generates bank cap—additional funds for future budgets based on the foregone tax levy increase.

Board members discussed the impact of enrollment changes, particularly the growth in Limited English Proficient students and those eligible for free and reduced lunch, on the adequacy budget and local fair share. The importance of encouraging eligible individuals to apply for free and reduced lunch was highlighted, as it could lead to additional state reimbursement. The increase in state aid, attributed to changes in per pupil rates and projected enrollment, allows the district to manage recurring expenses without depleting fund balance and supports new staff requests.

The meeting also covered the broader implications of state aid funding. A discussion on the tax levy bank cap revealed that the district has been prudent in not fully using its tax levy increase in previous years, resulting in substantial bank cap reserves available for future use. The unpredictability of the state aid funding formula was a concern, with the board acknowledging the difficulty in predicting outcomes and the need for a fairer and more predictable model.

Staffing was another area of emphasis, with the board recognizing that staff costs and benefits represent about 73% of the budget. The challenge of hiring new staff at higher rates and the potential to add six new staff members for various programmatic needs were discussed. Concerns were raised on the staffing front, especially about the waiting list for the free preschool program and the pursuit of a fourth preschool location, given the challenges of finding suitable spaces and the costs of maintaining older buildings.

The board also touched on federal funds, notably COVID relief funds, and their allocation towards tutoring programs and HVAC work. The district’s debt-free status and significant capital reserves for projects and maintenance were mentioned. Potential facility upgrades, including Media Center renovations, acoustical improvements, and K-8 bathroom renovations, were discussed. The board is contemplating a $6 million investment from the district for preschool classrooms as part of the Eisenhower addition.

The meeting offered insights into the district’s financial planning, property valuation, space utilization, educational initiatives, and technology programs, including a one-to-one technology program and cybersecurity measures. The expansion of the preschool program was presented, with plans to increase the number of students served.