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District projects mid-six‑figure shortfall as state budget and local revenues shift
Summary
Board members discussed a projected $742,000 deficit for the 2025–26 year, driven by state funding formula changes, a moved personal property tax aid, open‑enrollment losses, rising insurance costs and WRS rate increases; the board approved 2024–25 budget amendments but only discussed the 2025–26 gap.
The school board discussed a projected $742,000 deficit for the 2025–26 fiscal year and approved amendments to the 2024–25 district budget during its July 7 meeting.
Board member Troy summarized recent state budget developments and their expected effect on local funding, noting changes to special education reimbursement, early literacy funding and one‑time mental‑health grants. The board’s finance staff, led by Aaron, presented district calculations showing a projected net shortfall driven by several state and local changes.
The board adopted the proposed amendments to the 2024–25 district budget and approved June receipts and disbursements. The 2025–26 budget itself was discussed but not voted on; trustees were briefed on new state estimates and local revenue changes that staff said will be incorporated into future drafts.
Why it matters: the combination…
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