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School district projects tight FY26 budget after drop in state EBF; municipal retirement fund shows shortfall
Summary
District finance staff presented a tentative FY26 budget showing only a 2% increase in education fund revenue, declining state Evidence-Based Funding after a move from tier 1 to tier 2, and a municipal retirement fund expected to run a roughly $350,000 deficit next year.
Wendy, a district finance presenter, told the Ball Chatham School Board on Aug. 1, 2025, that the district’s tentative FY26 budget projects roughly $53 million in revenue into the education fund — about 2% higher than last year — but flagged several areas of concern, including lower state Evidence-Based Funding after a move from tier 1 to tier 2 and a municipal retirement account that could run about $350,000 negative next year. The tentative budget presentation said about 68–69% of district revenue flows into the education fund and that 61% of expenditures across funds are salaries and benefits. Wendy said the education fund…
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