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The Sycamore School District’s budget for the upcoming year has been approved by the School Board, but they are warily looking at next year’s figures…which could see the district fall into the red.

The budget comes with a $6 million deficit, split between the education and the capital project funds; district cash reserves can cover this year’s shortfall, but it may be necessary to file a deficit spending plan with the state of Illinois as early as next year.

District director of financial services Nicole Stuckert says they’ll look at instructional expenditures during the planning for next year’s budget; nearly three-fourths of the district’s budget goes towards salaries and benefits.

Stuckert hopes that revenues can be increased before the district hits the deficit point; she’s hoping to get more information from a financial consultant the district will be working with this fall.

 

P.J. Harrigan

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