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Report to the Board of Education Addressing the Long-Term Financial Stability of District 7
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Historical Perspective:
As has been the case for the past seven years, the District continues to face significant budget challenges due to the following:
- Declining revenue from the State due to continued proration of State funding in Transportation, Special Education, and General State Aid
- Stagnation of EAV (property tax revenues)
- Increases in employee salary and benefits
- Personnel needed to maintain class size
As a result, District 7 was placed on the State’s Financial Watch List in 2009, a designation that remains today.
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