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Osseo board adopts fiscal 2026 budget that draws on reserves amid projected gap
Summary
The board approved fiscal year 2026 budgets for all funds after staff presented a budget that budgets a 2.2% revenue increase, a 9.1% rise in general fund expenditures, and an anticipated operating deficit that will be covered in part by fund balance.
The Osseo School Board on June 24 adopted the district’s fiscal year 2026 budgets for all funds after a staff presentation and board discussion. The motion to adopt passed unanimously by recorded vote 6–0.
Kelly Bannoussa, director of business services, told the board the proposed general fund budget budgets a 2.2% increase in revenues (about $7 million) and a 9.1% increase in general fund expenditures versus the revised fiscal 2025 budget. Bannoussa summarized revenue and expenditure drivers and said the proposed budget reflects long-range financial planning work and earlier board direction from a June 10 work session.
Key numbers presented by staff include a projected operating deficit of $22.7…
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