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District 202
Budget Deficit Elimination Strategy
(UPDATED March 10, 2010):
The District 202 Board of Education on February 11, 2010 approved a plan to save about $22 million to help reduce a projected $16 million operating deficit. The savings come through personnel cuts (159 positions); non-personnel cuts (about $13.8 million); and new revenues (about $1.2 million).
- Final Deficit Reduction Plan (posted 2-23-10)
- Budget Deficit Reduction Strategy (PDF)
- Frequently Asked Questions (posted 3-10-10)
- "The Core" newsletter (additional budget info) (posted 3-10-10)
- News/Press Releases
- D. 202 projected operating deficit is shrinking, but not gone yet (press release/8-12-10)
- District 202 may save $1.3 million by keeping specialist teachers (posted 6/30/10)
- District 202 debt restructuring could defer $7.7 million in payments
- State owes D. 202 $23 million; district financial picture “grim”
- D. 202 deficit plan cuts $22 million, 159 positions to address deficit; ongoing revenue issues likely will mean more cuts
- D. 202 OKs selling $16 million in bonds to meet expenses
- D. 202 refinances two bonds, saves $1.7 million over 5 years
- D. 202 poised to save $21 million, eliminate operating fund deficit (posted 1-25-10)
- Deficit Proposal Power Point (posted 1-25-10)
- Deficit Proposal in Detail (posted 1-25-10)
- November 2009 (Volume III, Issue I) - Budget Deficit Elimination
- New Language Arts resource deal saves D. 202 about $4.5 million
- District 202 approves one-year deal with Teachers Association
- New D. 202 food services deal will save district, parents money
- "Good news, bad news": District 202 is efficient, cost-effective
- District 202 budget approved with plan to eliminate $16 million deficit
- D. 202 starts trimming deficit by cutting about $2 M this year
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Revised on: August 12, 2010