Geneva CUSD 304 Finance Committee Meeting - 05-26-2026

The Geneva CUSD 304 Board of Education Finance Committee met on May 26, 2026, to review and discuss the preliminary education fund budget for the 2026-2027 fiscal year. The committee examined revenue projections, including local tax revenues, state and federal grants, and noted a slight shortfall in expected local tax income due to increased tax appeals, particularly from commercial properties. Expenses were reviewed with attention to rising health benefit costs and salary projections, resulting in an estimated budget deficit. The committee discussed potential cost-saving measures such as staffing adjustments and monitoring of benefits and capital projects. A motion to forward the preliminary education fund budget to the full board was approved unanimously. No legislative updates were reported during the meeting.