Flossmoor School District 161 officials plan to transfer millions of dollars between district funds to cover upcoming construction expenses and ensure the transportation fund maintains sufficient cash flow as Cook County property tax revenues continue to lag. During a June 15 board discussion, Associate Superintendent of Business Operations Frances LaBella[Read More…]
Tag: school district finances
District 161 projects budget surplus, warns of long-term challenges
Flossmoor School District 161 officials presented a tentative 2026-27 budget on Monday, June 16, that projects an operating surplus next year but cautioned that the district’s long-term financial outlook depends heavily on continued state Property Tax Relief Grant funding. Associate Superintendent of Business Operations Frances LaBella told board members the[Read More…]
D161 board votes to recapture $1 million in property taxes
The Flossmoor District 161 Board of Education voted to reclaim $1 million in taxes to avoid significant deficits or budget cuts over the next five years. It may consider the same approach next year. The partial recapture of taxes abated through the 2025 Property Tax Relief Grant (PTRG) was a[Read More…]
Two school boards get low interest rates on bond sales
District 153 sold $8.2 million in general obligation bonds, and District 233 refunded $14.65 million in debt saving nearly $1 million through a lower interest rates. Both districts were anxious to get into the market before the Federal Reserve issued minutes from its last meeting or made its anticipated move[Read More…]
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