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Finance director projects $10—$11 million surplus for FY25; FY26 budget presented as balanced
Summary
The districtexpects a $10—$11 million surplus for fiscal 2025 driven by stronger-than-expected property and sales tax revenue and lower expenditures; the administration presented a balanced fiscal 2026 budget that includes planned employee pay increases and reduced positions through attrition.
The Saint Tammany Parish School Board's finance department reported a projected surplus of approximately $10 million to $11 million for fiscal 2025 and presented a balanced budget for fiscal 2026 at the Aug. 7, 2025 committee meeting.
Finance Director Miss Prevost (presenting) said revenues for fiscal 2025 were about $3.9 million higher than budgeted, with sales tax revenues up roughly $5 million over the past six months and property tax receipts ahead of projections. Those gains were partially offset by a $4.6 million reduction in the…
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