Elk Grove Dist. 59 board approves $118 million budget
The Elk Grove Township Elementary District 59 school board has approved a $118 million budget for the upcoming school year.
The spending plan includes $16 million in capital projects, among them an addition to Holmes Junior High School in Mount Prospect to house a new early childhood learning center. The district plans to borrow up to $19.8 million to pay for the learning center and other projects.
Officials project they will collect $119 million in total revenues, though they are expecting a $2 million loss in property tax revenues as a result of refunds issued because of successful assessment appeals.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.