Statement on the Finances of Jamaica CUSD #12

March 5, 2013

Across the state and nation school districts are wrestling with financial concerns caused by decreasing revenues and increasing costs. The Jamaica Board of Education has established a goal of fiscal responsibility and is finding it more difficult to make ends meet.

The state of Illinois is providing less money for student support each year. General state aid flowing to the Jamaica school district has decreased $430,419 since 2009. This 31% decrease in aid, coupled with a reduction in grant money provided to schools, has resulted in a deficit of $291,000 in the Education Fund. A proposed 9% decrease in general state aid for the 2013-2014 academic year could cost the district another $97,441.

Operational costs for the district continue to rise. Education Fund expenditures appear to have remained steady since 2009, but the district is operating with fewer teachers and resources at a higher cost. Additionally, pension reform bills being addressed in the Capitol are recommending that schools foot more of the retirement bill for teachers. Such a move could further increase the deficit.

In December 2012, the Board of Education approved a 4.99% increase in the overall tax levy in an effort to increase revenue entering the district, but additional measures may be necessary to reduce operational costs and balance the budget. The Board continues to work diligently to ensure that the Education Fund deficit is reduced in responsible ways, so that the quality of education for our students is maintained.