Woodstock School District 200’s tentative budget for the 2017-18 fiscal year shows slight decreases in revenues and expenditures.
The Board of Education approved placing the tentative budget up for public display at its Aug. 15 meeting.
The district’s revenues for 2017-18 are expected to total $94.2 million, down 1.9 percent from last year’s $96 million, according to the tentative budget. Total expenditures for the upcoming fiscal year are listed at $94.6 million, down 0.53 percent from last year’s $95.1 million.
The education fund is where the district will spend the largest chunk of its budget, with proposed expenditures of $59 million. That fund includes salary expenses estimated to total $43.4 million.
Total district salary expenditures are budgeted to be $53.9 million, a 0.84 percent increase over last year. The next-largest expenditure listed comes from the district’s debt service fund, at $9.9 million.
Local property taxes will account for District 200’s main source of revenue, at about $57.4 million, according to the tentative budget. That represents a 2.4 percent decline over last year’s budgeted total of $58.8 million.
Susan Handelsman, who ran unsuccessfully for school board last spring on a platform of lowering the district’s property tax levy, criticized the budget during the meeting.
“I’m not surprised to see the budget of the legal maximum limit allowed by Illinois law again levied this year,” Handelsman said.
The district expects to receive $15.2 million in aid from the state of Illinois, a 97.65 percent proration. That is a slight drop from the previous year, when the district received full funding from the state.
Board President Carl Gilmore asked if the state’s budget woes were taken into account when planning District 200’s new fiscal year.
“The budget that is being presented for the next school year is based on the General State Aid funding that I have used for years,” said Risa Hanson, the district’s chief financial officer. “I haven’t changed it because I have no idea what’s going to happen. It could be off.”
The budget is on display for public viewing at the district’s administrative office at 227 W. Judd St. A public hearing and board discussion about the budget will be held at 7 p.m. Tuesday, Sept. 26, at Clay Academy, 112 Grove St., followed by a vote.