New-Lenox-School-122.2

New Lenox D122 Board Approves Tentative Budget, Sets September Public Hearing

The New Lenox School District 122 Board of Education has approved a tentative budget for the 2025-2026 fiscal year, maintaining its long-standing practice of balanced budgets funded by existing cash reserves and operating surpluses to avoid new debt.

The board’s action on June 17 makes the preliminary budget available for public review for at least 30 days before a formal public hearing, which is scheduled for 6:00 p.m. on September 16 at Martino Junior High. The board is expected to vote on the final budget later that month.

According to a report from Business Manager Robert Groos, the tentative budget is consistent with the five-year financial forecast presented to the board earlier in June. The district’s financial strategy emphasizes maintaining healthy cash reserves for cash flow and long-term security, structuring programs to generate an annual operating surplus, and using those surpluses to fund capital projects without issuing new bonds.

“This tentative budget continues our commitment to a sound and sustainable financial plan,” Groos stated in his report. “Sufficient fund balances and an operating surplus allow NLSD122 to continue offering high-quality programs… as well as continue to maintain and renovate District school buildings without the need to issue more debt.”

The district’s financial documents highlight a strong fiscal condition, including 11 consecutive years of balanced budgets and no additional debt issued since 2013. A five-year forecast projects operating revenues will continue to outpace expenditures through fiscal year 2030. The district also successfully completed a bond refinancing project in April 2022 that is projected to save taxpayers over $13 million.

The approval of the tentative budget is a key step in the annual budget process. The document will be finalized in September after the district receives updated funding information from the state, which is typically released in late August or early September.

The board approved the tentative budget and public hearing notice with a motion from board member Bill Pender, seconded by Fay Bowie. The motion passed, with board member Al Haring voting nay.

Events

No events

Leave a Comment





Latest News Stories

Will-County-Land-Use-July3.2

Lockport Township Solar Farm Gains Committee Approval

The Will County Land Use and Development Committee on Thursday approved a special use permit for a 25-acre commercial solar energy facility in Lockport Township. The project, proposed by Daniel...
Will-County-Public-Health-Safety-Committee-Meeting-July-3-2025

Health Department Plans Back-to-School Fair July 12

The Will County Health Department will host a Back-to-School Health Fair Saturday, July 12, from 10 a.m. to 2 p.m. at the Community Health Center, 1106 Neal Ave., Joliet. The...
Meeting-Briefs

Meeting Briefs: Will County Land Use & Development Committee for July 3, 2025

Green Garden Township Rezoning for Future Subdivision ApprovedThe committee recommended approval of a map amendment for an 81-acre property on South 88th Avenue in Green Garden Township. The applicant, represented...
Meeting-Briefs

Will County Public Health & Safety Committee July 3 Meeting Briefs

Grain Dust Complaint Prompts Investigation: Will County resident Tracy Henning of unincorporated Peotone addressed the committee about health problems she attributes to grain dust from a neighboring facility. Henning, who...
Will-County-Legislative-Committee-Meeting-July-1-2025

Will County Seeks Asian Carp Provision in Federal Legislative Agenda

Will County Board member Julie Berkowicz is pushing to add specific language addressing Asian carp invasion to the county's federal legislative agenda, citing the ongoing threat to local waterways as...
Will-County-Legislative-Committee-Meeting-July-1-2025

State Legislative Session Update: Transit, Energy Bills Stall Despite Democratic Control

Illinois lawmakers failed to advance major transit funding and comprehensive energy legislation during the recently concluded spring session, leaving key issues unresolved despite Democratic supermajorities in both chambers, according to...
Will-County-Capital-Improvements-IT-Committee-Meeting-July-1-2025

Will County’s Major Capital Projects Hit Key Milestones, VAC Buildout on “Aggressive Schedule”

Will County is making significant headway on several major capital improvement projects, with the new Veterans Assistance Commission (VAC) & Support Center in Joliet on an “aggressive schedule” for a...
Will-County-Public-Works-Transportation-Committee-Meeting-July-1-2025

County Board Approves 2026-2031 Transportation Plan Despite Project Opposition

Will County board members approved a contested five-year transportation improvement plan Tuesday after heated debate over a controversial Homer Glen road project that has drawn sustained community opposition. The Will...
Will-County-Planning-and-Zoning-Commission-Meeting-July-1-2025

Contentious I-3 Rezoning for DuPage Township Storage Yard Narrowly Advances

A proposal to rezone a 20-acre parcel in DuPage Township from agricultural to the county's most intensive industrial classification narrowly earned a recommendation for approval from the Will County Planning...
Meeting-Briefs

Will County Legislative Committee July 1 Meeting Briefs

Federal Budget Impact: Will County could face significant funding challenges if federal budget reconciliation measures reduce Medicaid and SNAP benefits. The county health department and social services rely heavily on...
Will-County-Finance-Committee-Meeting-July-1-2025

County Moves Forward with $200.8 Million Bond Refinancing Plan

Will County Finance Committee members on July 1 approved moving forward with a comprehensive bond refinancing ordinance that could save taxpayers more than $716,000 over the life of the bonds...
Will-County-Public-Works-Transportation-Committee-Meeting-July-1-2025

Access Will County Dial-a-Ride Program Sees Record Growth, Eyes Expansion

Will County's dial-a-ride transportation service for seniors and disabled residents reached record ridership levels while officials plan major expansion to cover all county townships. The Access Will County program served...
Will-County-Capital-Improvements-IT-Committee-Meeting-July-1-2025

Will County to Launch New Public Meeting Agenda System in August Amidst Data Conversion Concerns

Will County is set to launch its new public meeting agenda and records software, Granicus “OneMeeting,” in August, but the transition will see over a decade of historical records converted...
Will-County-Planning-and-Zoning-Commission-Meeting-July-1-2025

Green Garden Township Poised for First Major Subdivision in Years After Rezoning

The Will County Planning and Zoning Commission has recommended a rezoning that could pave the way for the first major residential subdivision in Green Garden Township in nearly two decades....
Will-County-Finance-Committee-Meeting-July-1-2025

County RNG Facility Shows Strong Performance Despite Solar Challenges

Will County's Renewable Natural Gas facility is exceeding production targets while officials explore options to reduce substantial electricity costs that currently impact profitability. Project manager Greg Komperda told Finance Committee...