When I decided to run for ECUSD7 school board in 2015, I knew that Edwardsville District 7 schools provided an outstanding education, but we had seen tough financial times. At that point, I wanted to work toward identifying how to overcome budget deficits and borrowing, and to communicate with our community as to how to solve that problem. In 2017, District 7 voters passed Proposition E, which helped us to work toward financial stability. In 2018/19 and 2019/2020, the school board was able to deliver a balanced budget, and to begin the work of establishing cash reserves, while providing new technology and security enhancements, as well as reinstituting curriculum studies.
Our tax rate, which was initially expected to be $4.77, has been below that point consistently.
The 2024 tax rate is expected to be $4.6380.
2023 $ 4.67
2022 $4.69
Since 2017, the D7 community has been diligently building a solid financial profile. S&P Global Ratings raised the district's credit status two notches from "BBB" to "A+” which as Dr. Shelton said, "Anytime we're talking about borrowing money, (a better bond rating means) a savings for the average taxpayer in District 7. In a press release, Joseph Vodziak, S&P credit analyst, said, "The upgrade reflects the district's improved financial profile, …..which has resulted in very strong operating results in each of the past five years and results anticipated at the end of fiscal 2023.” Shortly thereafter, in April 2023, D7 voters approved a no tax rate increase $100 million bond, which is currently funding the rebuilding of Lincoln Middle School, the completion of double entry security doors at all schools, the expansion of the EHS Commons, repairs at Midway, asbestos removal at Hamel and Lincoln, and subject to board member approval in the next several weeks, the EHS Media Center. Recently, the District completed the Columbus playground work, which was paid for out of O&M funds that were carried over from the previous year. Mr. Courtney, the CFO, expects that the working cash fund will have a balance of $6.2 million by June 30, 2025. In addition, interest earned to date on the Bond is $6.8 million.
These financial milestones reflect the dedication of our school board, administration, and community in ensuring that District 7 remains on a stable, sustainable path. Through sound fiscal management, strategic investments, and transparent communication, we have strengthened our financial position while continuing to enhance our schools, improve security, and expand educational opportunities. The district's improved credit rating, growing cash reserves, and ability to fund major projects without increasing tax rates are testaments to our commitment to both student success and taxpayer responsibility.
As we look ahead, I remain committed to maintaining this financial momentum—ensuring that District 7 remains strong, innovative, and well-prepared to meet the needs of our students for years to come. I welcome the opportunity to continue this important work and invite you to reach out with any questions or thoughts. Together, we can keep moving District 7 forward!
All of this information is sourced from the District 7 website, or has been made available through Boarddocs; the comments from Dr. Shelton were sourced from the Intelligencer.
- Terri Dalla Riva