The term “structural deficit” was used several times during a review of Naperville School District 203’s proposed fiscal year 2027 budget at a recent board of education meeting.
District officials presented a draft of the budget for the 2026-27 school year on Monday, May 4. It will be hashed over across multiple board meetings before adoption is scheduled prior to the start of the new fiscal year on Wednesday, July 1.
Budget proposal trims deficit from roughly $12.4 million to $4 million
Michael Frances, Naperville 203’s chief financial officer, combed through details of the budget at the recent board meeting. Last fall, Frances warned of a looming deficit as pandemic-era recovery funds dried up.
In February, a projected $12.39 million shortfall in the funds for day-to-day operations was discussed as a possibility if no budget cuts occurred. A number of cuts did ultimately occur, and Frances’ latest budget proposal points to a $3.975 million deficit within the district’s funds for day-to-day operations…