Public hearing on 2018-19 budget set for August 27, 2018

Public hearing on 2018-19 budget set for August 27, 2018

A public hearing on the District 64 2018-19 tentative budget will be held at 6:45 p.m. on Monday, August 27, 2018 at Roosevelt School (north gym), 1001 S. Fairview, Park Ridge.

The Board of Education at the June 25, 2018 meeting adopted a tentative budget for the 2018-19 fiscal year, which may be viewed on the Financial Data - Current webpage.

The budget will continue to be refined and revised as new information becomes available through the summer and as actual enrollment is known when the new school year opens in August. The budget in its final form will be officially adopted at the Board's September 24, 2018 regular meeting.

The Board had previously reviewed the tentative budget in detail at the June 11, 2018 Committee-of-the-Whole: Budget meeting. Since that draft, revenue has been updated to reflect the Equalized Assessed Valuation (EAV) information received for the 2017 Tax Levy. Slight adjustments also were made to federal revenue based on actual grant awards. Expenditures have been reduced to reflect the removal of seven teacher positions, leaving four positions for potential sections to split based on enrollment. No other changes in salary budgets occurred from the June 11 first draft. Other minor expenditure adjustments were made as information was received.