Budget Approval of the 2024-2025 Budget
Patrick Palbicke, Assistant Superintendent for Business, presented the 2024-2025 District 103 Budget at a public hearing. Later in the meeting the Board approved the budget. This is the 12th year the district’s budget is balanced. The budget projects $44.07 million in revenue and $43.43 million in expenses. The revenue that comes from property taxes is 84.6 percent with the remainder coming from federal, state, and local sources.
Bus Grant Application
The Board was informed that the district applied for an EPA Clean Heavy Duty Vehicles Grant through the Illinois State Board of Education. The grant will cover 75 percent (up to $280,000) of the cost. Buses are estimated to cost between $350,000 and $400,000. Additionally, if the district receives the grant, the district would file with the IRS for another rebate of $40,000 per bus. The district has shown interest in possibly purchasing up to four buses and should receive more information about the application in November.
Approval of Teacher Contract
The final agreement between the Lincolnshire-Prairieview Teachers’ Association and the District 103 Board of Education was approved by the Board. The four-year agreement goes into effect August 19, 2024, for the district’s 189 certified staff members. Salary increases are in line with area school districts.
