School District outlines $24.5M deficit in preliminary 2026 budget proposal

The Bibb Board of Education is facing a significant financial challenge as it prepares its preliminary budget for fiscal year 2026. During a recent budget meeting, officials reported a projected deficit of $24.5 million, based on a starting fund balance of approximately $67 million and anticipated revenues of $265 million.

The budget discussion highlighted that, without any salary increases, the district's fund balance to expense ratio would stand at 14.9%. This figure is within the state’s acceptable range, which requires a minimum of 8% and allows for a maximum of 15%. Many districts opt to exceed this maximum to ensure financial health, but the current plan aims to maintain a ratio that aligns with state guidelines.

As the board moves forward, the focus will be on addressing the deficit while adhering to state requirements. The implications of this budget will be closely monitored, as it directly affects the district's ability to provide quality education and services to students. The board's next steps will be crucial in determining how they will manage this financial shortfall and what measures may be implemented to ensure fiscal stability in the coming year.