August 7, 2020

The District 54 School Board approved its 2020-21 budget at the August 6, 2020, meeting. District 54 expects to spend $286,599,185 during the 2020-21 budget year and receive $270,948,188 in revenues, while utilizing $15,650,997 in reserves.

District 54 developed the 2020-21 tentative budget based on the information available at this time and the following parameters.


  • Property taxes for levy years 2019 and 2020 are based on the Consumer Price Index (CPI), which was 1.9% for the 2019 levy and 2.3% for the 2020 levy.
  • State aid is expected to decrease with anticipated delays in categorical payments due to the COVID-19 outbreak.
  • Federal aid is expected to increase slightly from the 2019-2020 revenue due to new money from the Elementary and Secondary School Emergency Relief Grant.
  • Interest income is projected to decrease significantly from the previous year as interest rates have plummeted in response to the COVID-19 outbreak.
  • Local revenues will remain consistent due to no change to the fee structure approved by the board.


  • Salaries for 2020-21 are based on projected differences from people retiring or resigning compared to replacement staff, as well as any raises to returning employees.
  • Benefit costs are projected to be comparable to the previous year.
  • There will continue to be a freeze on overall cumulative spending in supplies, purchase services and capital outlay. The only exception is in the Operations and Maintenance Fund, where cost of service increases cannot be controlled.
  • Tuition costs are budgeted the same as 2019-20, but are highly subject to fluctuation depending on what special education services need to be outsourced.
  • District 54 will issue no new debt and has been debt free since Dec. 1, 2011.

For more details visit 2020-2021 District 54 Adopted Budget.