District 128 board ready to adopt a $105.8 million budget

  • About $4 million has been included in the proposed District 128 budget for a possible expansion at Vernon Hills High School.

      About $4 million has been included in the proposed District 128 budget for a possible expansion at Vernon Hills High School. Steve Lundy | Staff Photographer

 
 
Updated 8/15/2018 10:35 AM

With a mandated public hearing now completed, Libertyville-Vernon Hills Area High School District 128 officials are ready to adopt a roughly $105.8 million budget for the 2019 fiscal year.

The school board held the hearing Monday night at the district office in Vernon Hills. No district residents attended the roughly 20-minute budget review led by Dan Stanley, the district's assistant superintendent for finance.

                                                                                                                                                                                                                       
 

The panel could approve the budget when it meets at 7 p.m. Aug. 27 at Vernon Hills High, 145 Lakeview Parkway.

The 2019 fiscal year began July 1.

The financial plan calls for a nearly 11 percent increase in spending from the 2018 fiscal year's $95.5 million estimate.

Officials primarily attribute the jump to the ongoing construction of a new swimming pool at Libertyville High, and possible additions at Vernon Hills High.

The proposed budget includes $16 million for the Libertyville pool project. It began in October 2017, should be completed in spring 2019 and will cost about $21.5 million overall.

As for Vernon Hills High, the budget plan sets aside $4 million for construction there. Officials are considering building a second gymnasium and more classrooms and expanding the cafeteria as part of what could be a $25.5 million project.

The proposed budget predicts the district will receive about $87 million in property taxes, fees and other revenue. That's up about 4 percent from 2018's $83.5 million estimate.

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