In late September the Hawthorn School District 73 Board of Education approved the final budget for the 2015-16 fiscal year. The budget includes revenues of $70.35 million and expenditures of $70.78 million. The Board has authorized the use of $500,000 in fund balance to take care of technology needs throughout the district.
Instruction, which accounts for 57 percent of the expenses shows a decline under the proposed budget, mainly due to the large amount of retirements. The Board of Education continues to increase funding for curricular and technology needs under the budget. Salaries and benefits for the district’s 600 employees make up 80 percent of the budget. Staff oversees the education of about 4,200 students in preschool through Grade 8.
“Overall we feel confident that we have a budget that is addressing our students’ needs, and the financial needs of the district. We continue to monitor the shrinking revenue side of our budget while continuing to ensure that we are responsible with our taxpayer dollars. We will keep an eye on Springfield, and work with our legislators to make sure that we are not shortchanged in the process of realigning dollars at the state level,” said Brad Goldstein, Associate Superintendent of Finance & Business Operations.