The Libertyville-Vernon Hills Area High School District 128 board is considering an $83.8 million budget for the 2015 fiscal year, which began July 1.
That's slightly leaner than the 2014 spending plan.
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The school board meeting will begin at 7 p.m. tonight at the district offices, 50 Lakeview Parkway, Vernon Hills, in conference rooms A&B.
An additional $3 million will be set aside for various building improvements at Libertyville and Vernon Hills high schools, the same amount that was budgeted in the last fiscal year, said Yasmine Dada, the district's assistant superintendent for business. District savings covers those costs, she said.
Both revenue and expenses are expected to be lower than the previous fiscal year, Dada said.
Income from property taxes, grants and other sources should total $84,1 million, Dada said. That's down about 1.4 percent from the 2014 fiscal year.
A proposed tax abatement would further reduce revenue, Dada said. Officials haven't yet settled on a sum.
Spending on salaries, building improvements and various purchases is expected to be down less than 1 percent from the 2014 budget.
Dada attributed the decrease in revenue to a predicted decline in state and federal money.
Expenses are increasing, she said, because of rising insurance and utility costs, salaries and other factors.
Some campus improvements at both schools are in the planning stages, Dada said. They include a new gymnasium and dance studio at Vernon Hills High and upgrades to Libertyville High's heating-and-cooling system.
A hearing on the proposed budget is set for Aug. 11. The board could approve the spending plan Aug. 25.