Rising salaries and health insurance costs, coupled with updated consumer-price index figures and new construction estimates, point to a structural deficit within Naperville School District 203’s future budgets, according to officials.
The Naperville 203 board of education and administrators had a preliminary discussion about the forthcoming budgetary challenges at a meeting on Monday, Nov. 17, and mulled strategies and timelines that could bring both sides of the financial ledger into harmony with one another.
A look at Naperville District 203’s 5-year financial forecast
Mike Frances, Naperville 203’s chief financial officer, gave a presentation on the district’s financial forecast at the recent meeting. Without any budget reductions, he noted Naperville 203 is facing years of re

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