D300 OKs balanced, $204 million budget
By Emily McFarlan Miller firstname.lastname@example.org @emmillerwrites September 23, 2013 11:30PM
Updated: October 26, 2013 6:17AM
ALGONQUIN — The Community Unit School District 300 Board of Education Monday night unanimously approved a balanced budget for fiscal year 2014.
Revenues and expenditures in the operating fund balance are just over $204 million.
There was no discussion before the vote, and District 300 spokeswoman Allison Strupeck said no one spoke during the public hearing at the start of the regular board meeting.
That balanced budget comes after the Carpentersville-area district had projected a $2.2 million deficit for this school year during contract negotiations. It also had planned to deficit-spend over three years, until the economic development area around Sears headquarters in Hoffman Estates that froze property taxes expires and kicks tax money back into the district.
The district later adjusted that expected deficit amount to $1.9 million.
But then a change in the way Illinois calculates the general state aid District 300 receives meant it will get an added $4.4 million, district officials said.
The state is cutting the district’s transportation funding by $800,000.
And the district ended up hiring about 10 more teachers than it initially had projected in negotiations with the teachers union last winter. With that has come increased costs for insurance and supplies, such as teacher desks and materials, textbook and technology, officials said.
The district also added another $300,000 for technology into the budget after goal-setting talks last month named technology a priority in its strategic plan.