Similar Stories to Capital Projects Cause Budgetary Deficit on Bing News

Fox River Grove School District 3 is looking at a deficit in its budget of 27.64% going into fiscal 2019-20, but district officials said this is because of capital projects being done in school buildings. “If we were not doing the rest of this capital project, we would have a surplus at the end of the year,” Superintendent Tim Mahaffy said. These capital projects, which the district budgeted $3,436,636 for in the upcoming year’s expenditures, include STEM/STEAM labs at Fox River Grove Middle School and Algonquin Road Elementary School, a new entrance for the elementary school and classroom renovations in both buildings. The majority of the classroom renovations have been completed.