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District approves preliminary budget guidelines as CFO warns of multi‑million dollar shortfall
Summary
The school board approved preliminary budget guidelines and assumptions after Chief Financial Officer Marie and staff outlined a projected shortfall driven by rising personnel costs, unfunded mandates and curriculum purchases.
The Stillwater Area Public Schools board voted to approve preliminary budget guidelines after Chief Financial Officer Marie presented a fiscal forecast showing a multi‑million dollar shortfall over the next two years.
Why it matters: the forecast projects growing personnel and benefit costs, uncertain state funding and one‑time curriculum and technology needs. Staff said the district is below its fund‑balance policy target and will need board guidance on a timeline to restore reserves.
What staff told the board CFO Marie said the district is preparing next year’s budget using current formulas and known revenues. She projected enrollment at 8,205 students for fiscal 2026 and said the budget exercise uses…
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