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Fayetteville-Manlius officials lay out 2025-26 budget outlook, flag rising debt service and energy costs
Summary
District business officials told the Board of Education the 2025-26 spending plan will be driven by rising capital debt service, higher bus purchase costs and electricity increases; officials said they expect to maintain programs with careful use of reserves and a trimmed capital transfer.
FAYETTEVILLE, N.Y. — The Fayetteville-Manlius Central School District presented a preliminary 2025-26 budget framework on March 10 that projects a $17.6 million capital budget component and an overall administrative increase driven primarily by higher debt service, officials said.
At a board meeting, Business Official Brad (presenter) told the Board that capital-related debt service is the main driver of the early projections, with a projected debt service budget of roughly $9.5 million and a year-over-year increase in that component of about 21.4 percent. Brad said the district plans to use surplus funds from 2024-25 to reduce a bond anticipation note balance, lowering the anticipated borrowings for 2025-26.
The nut graf: the board was asked to consider a budget that balances contractually required salary increases, maintenance staffing needs and an expensive construction bond schedule without cutting programs. District leaders signaled they will use a mix of paydown of short-term…
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