Hinsdale D86 Exceeds Project Budget By Nearly 20%

HINSDALE, IL – Hinsdale High School District 86's building projects have exceeded the $140 million that voters approved in an April 2019 referendum.

A budget summary released in November showed that the referendum budget reached $166 million – nearly 20 percent over the referendum amount.

"The work is scheduled to be completed by the end of the summer," District 86 spokesman Chris Jasculca said in an email to Patch on Thursday. "In terms of what is budgeted for the projects, there have been no substantive changes since that update was provided in November."

The board is scheduled to receive another update in a few weeks, he said.

Of the $166 million, about 56 percent has gone for projects at Hinsdale Central High School, where enrollment is nearly twice that of Hinsdale South.

Of the $26 million in overages, $16 million has come from "bond premium funding," which is defined as bonds that are trading above their face value. The rest of the money has come from a variety of sources.

A donation of $1.6 million went toward the new Hinsdale Central pool.