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Brexville schools warn of tighter finances as state and federal funding fall short
Summary
At the Aug. 20 Brexville Board of Education meeting, district leaders presented a fiscal forecast showing a projected deficit this year, explained timing-driven cash‑flow shifts and outlined legislative and federal funding risks that could reduce revenue for operations and programs.
Superintendent Jeff (Superintendent) and Treasurer Craig (Treasurer/CFO) told the Brexville Board of Education on Aug. 20 that the district is projecting a modest deficit this fiscal year and faces policy-level risks that could reduce state and federal revenue. The district’s preliminary fiscal‑26 forecast shows projected expenses of about $57.9 million and current estimates of about $57.6 million, leaving a deficit spend projected at roughly $800,000 and an ending cash balance near $18.4 million (about 118 days of cash) if current assumptions hold.
Why it matters: board members were told that the combination of timing changes in pay schedules, higher salary and benefit costs this summer and possible state and federal funding cuts will strain the district’s budget and could affect program funding, staffing decisions and future levy planning.
Treasurer Craig said the district received additional property‑tax payments in July this…
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