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Lakeville presents FY26 preliminary budget: $1.8M net revenue change, staffing and benefit cost pressures flagged
Summary
District finance staff presented a preliminary FY26 budget showing a modest net revenue increase after a property-tax recalibration, projected expenditure growth driven by salaries and benefits, a special-education proration shortfall, and plans to borrow $21 million for facility maintenance.
Lakeville Area Schools finance officials on April 8 presented a preliminary fiscal year 2026 budget that projects modest revenue growth after a property-tax recalibration, rising personnel costs and several risk items the board and administration are monitoring.
The district's finance presentation said the state formula allowance increase used for planning is 2.74%, generating roughly $2.6 million in additional state aid, and the enrollment projection (about 111 additional ADM) is expected to add roughly $830,000. Offsetting those increases, the district reported a one-time property-tax recalibration reduction of about $2.3 million; board members summarized the net effect as approximately $1.8 million in positive revenue change for FY26 compared…
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