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Board adopts 2025–26 budget with $144 million in expenditures, uses fund balance for $14.1M debt payment
Summary
The Board of Education approved the 2025–26 budget, projecting $124.6 million in revenues and $144 million in expenditures; the district will use fund balance for a $14.1 million debt payment and carry over capital projects including a solar parking-lot project.
The Board of Education voted to approve resolutions adopting the 2025–26 budget, which projects $124,600,000 in total revenues and $144,000,000 in total expenditures, and authorizes use of fund balance to cover a $14,100,000 debt payment.
The budget matters because it sets spending priorities for the coming year and relies on a one-time fund-balance draw to meet scheduled debt-service obligations while carrying capital projects forward.
Staff presented the budget summary to the board, saying that property taxes make up roughly 57 percent of projected revenues, general state aid about 29.4 percent and federal…
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