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Board adopts $165.8 million fiscal 2026 budget after public hearing on operating deficit and construction spending
Summary
At a Sept. 15 public hearing and business meeting, district staff presented the fiscal year 2026 budget, explaining a widened operating deficit driven by one-time construction spending for full‑day kindergarten; the board approved the budget by roll call vote.
The Board of Education adopted a fiscal year 2026 budget Sept. 15 that shows $165.8 million in total expenditures and $110.86 million in total revenues, leaving a planned use of fund balance tied to construction and other one-time costs. The budget was presented at a public hearing earlier in the meeting and then approved by roll call during the business session.
District staff presented the budget and explained why the operating position is in deficit. The presenter, Mr. Bertolozi (district staff), said the tentative budget approved in August was adjusted after the state increased the corporate personal property replacement tax estimate by $1,900,000. "We did increase estimated revenues by that amount, and that is the, the only change, that we have, to the budget," he said. He described a structural operating deficit…
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