Budget revisions approved for District 158
HUNTLEY – The District 158 school board took a glimpse into its financial future Thursday, while finally shoring up its present budget that includes added costs from a new teacher contract.
Using current economic conditions, Mark Altmayer, the district’s chief financial officer, projected four years into the future and forecast relatively flat property tax levies being driven by modest real estate development.
But the hazard with predicting the future, Altmayer said, is the many unknowns from the state legislature, including the well-publicized pension reform proposal that would shift retirement costs to local school districts.
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