Peninsula board adopts $178.8 million 2025–26 budget after finance briefing

The Peninsula School District Board of Directors voted to adopt the 2025–26 budget, approving Resolution 25-08 and authorizing $178,769,283 in total spending for the coming school year. The motion to approve the resolution was moved by David and seconded by Laurie; the board president, Natalie Wimberly, was absent.

District Chief Finance Officer Ashley Murphy gave a recap of last week’s extended presentation and summarized key budget drivers, including projected enrollment, revenue sources and fund balances. Murphy said the district is budgeting a subtotal of 8,208 FTE (full-time-equivalent) students driving most state funding and an anticipated total K–12 enrollment of 8,669, including 101 ALE students. “The actual dollar values have remained the same,” Murphy said, describing the session as a recap for those who had seen the two-hour presentation posted on the district’s YouTube channel.

The nut of the budget is that projected revenues, including a planned $5,000,000 transfer from the capital projects fund to the general fund, come to just over $173 million, while the district is requesting authority to spend $178,769,283.…