District 65 Financial Outlook
In Fall 2020, the School Board and Administration continued discussions around the district’s financial outlook. This was the start of a big conversation and one that must bring all voices to the table, including those who have historically been underrepresented in these conversations.
Like many other districts, the COVID-19 pandemic has weighed heavily on the District’s already strained budget. While projected deficits have been on the horizon for several years, they have only intensified. As we look toward the coming school year, the District will need to reduce its budget by upwards of $1 million. This is an extremely difficult but necessary step forward in addressing the structural deficit that has plagued the District for years.
We continue to be exceptionally grateful for the community’s overwhelming approval of the 2017 operating referendum. And yet, the District knew this was not going to be a long-term solution. We must uphold our promise of fiscal responsibility and remaining good stewards of tax dollars. The District’s goal remains to deliver balanced annual operating budgets in FY22 and beyond. Reductions must be made equitably, with community involvement, and with consideration to preserving referendum reserves and educational investments. Reductions will be considered through an equity lens and programs and supports that directly impact marginalized student groups will be prioritized.
The School Board and Administration believes that these challenges must be faced together, as a community. Please utilize the resources below to learn more about the district's financial outlook and community engagement opportunities.
- Budget Reduction Timeline
- D65 Financial Resources (videos, presentations, fact sheets)
- Community Engagement Opportunities