River Forest is consistently ranked among the most affluent communities in Illinois, with roughly 4,000 households, median home values around $676,900, and median household income of about $148,700, according to the district’s recent demographic report. Families invest here because of the community’s stability, quality of life, and, most importantly, its schools.
River Forest’s reputation is not accidental. A recent ranking of Illinois’ wealthiest communities noted that the village attracts families in large part because of its quality of life and top-rated schools — identifying educational excellence as a key driver of demand and home values. That is why the conversation around teacher compensation is not fundamentally about affordability. It is about priorities and values.
Since 2020, reserves have consistently remained high enough to cover more than nine months of expenses — even in deficit years — followed by a combined operating surplus of roughly $1.7 million over the last two years. Together, this track record reflects sustained financial capacity, not financial constraint.
Even looking ahead four years, reserves are projected to exceed $33 million — well above state recommendations. Closing the remaining compensation gap would require only a small share of that balance.
Put simply, solving the gap would use roughly one dollar out of every eight currently in reserve — while seven dollars remain — leaving about $29 million still in the bank and preserving a strong financial cushion.
Stable, experienced teachers are among the strongest predictors of student success. When compensation keeps pace with expectations, it supports retention, strengthens classroom continuity, and reinforces the academic excellence families expect from River Forest schools. Our teachers deserve to earn a living that reflects the importance of the work they do every day.
Strong schools are also central to the long-term strength of the community. Protecting academic excellence helps safeguard both educational outcomes and the long-term stability homeowners rely on.
River Forest has long set a high standard. Our schools reflect what this community values most — strong classrooms, experienced teachers, and a commitment to academic excellence. This moment is not simply about numbers. It is about aligning resources with the outcomes we want for our children and our community.
There was meaningful progress at the bargaining table, and I am hopeful the continued work has produced a lasting resolution that closes the pay gap, keeps compensation in step with inflation, and reflects how deeply this community values its teachers. More importantly, our teachers should know this community stands with them. We see the work they do, we value the stability and excellence they bring to our classrooms, and we support fair, competitive compensation that reflects their impact.
When we invest in our educators, we invest in our children, our schools, and our shared future. And as parents and community members, we will continue to stand behind the people who show up for our kids every single day.
Sources:
D90 audited financial reports and projections
D90 Geodemographic Survey (GeoLytics, 2025)
Money Inc.’s ranking of the richest places to live in Illinois community rankings
Kelly Abcarian
River Forest