Lincoln-Way School District #210 board adopts $121 million budget

The Lincoln-Way Community High School District 210 Board approved its budget for the 2021-2022 school year at its meeting last week.

Officials said the $121 million spending plan will ensure the district continues to operate more efficiently than the state average for instructional and operating spending per student, and teacher and administrator staffing ratios, according to a news release.

“This budget will provide the experiences and opportunities necessary to maximize the academic and social growth of all students,” Michael Duback, District 210′s assistant superintendent of business services, said in a statement. “With a stable financial outlook, we continue to identify additional ways in which we can meet the needs of our students.”

The district projects its overall revenues to come in at a little over $129 million, which includes the debt service portion of the tax levy allocated for bond repayment.

Overall expenditures for the year are projected to reach a little over $121 million. Approximately $21 million is allocated for debt service payments. This also includes nearly $3.5 million for building improvements across the district, including a roof replacement and heating and cooling needs.

The budget also pays for all daily operating expenses, including salaries and benefits, students supplies, technology needs, transportation and more.

The district also projects a nearly $3 million surplus, which is in line with the board’s policy of planned surpluses to restore the district’s reserves.