The District 153 school board adopted a 2021-22 budget of $24.5 million at its Sept. 13 board meeting.
Due to expenses of $26.5 million, the budget shows a deficit of $2 million, according to John Gibson, the district’s chief school finance officer. The board is rectifying the deficit by using a portion of its $7.3 operating fund balance. The fiscal year 2022 budget covers July 1, 2021 through June 30, 2022.
District 153 gets its funding from four sources – property taxes, state support, mandated categoricals and federal grants.
Gibson said the state will be providing . . .
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