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Board approves first reading of 20252026 general fund budget; projected $800,481 gap to be covered
Summary
The Chesterfield County School District board approved first reading of the 20252026 general fund budget, which projects $77,902,295 in revenue, $78,702,776 in expenditures and a $800,481 fund-balance gap that the district plans to cover through restricted reserves and vacancy savings.
The Chesterfield County School District board approved first reading of the 20252026 general fund budget after a presentation from Chief Financial Officer Kevin Kasky that included updated revenue estimates, mandated cost increases and proposed program changes.
Kasky said the district27s projected general fund revenue is $77,902,295 and the proposed expenditure budget is $78,702,776, leaving a projected fund-balance gap of $800,481 to balance the year. "The projected fund balance that we would need to balance this year's budget is $800,481," he told the board.
The proposed budget incorporates state-mandated increases: a $1,500 increase to each rung of the teacher salary schedule, step increases for eligible employees, a 4.6% increase in employer…
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