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Richfield Public Schools board approves FY26 budget with $1.1 million general‑fund drawdown
Summary
On June 23 the Richfield Public Schools Board approved a $115.8 million proposed budget for fiscal year 2026 that projects a $1.12 million decline in the district's general‑fund balance and includes updates to enrollment and state revenue assumptions.
The Richfield Public Schools Board of Education voted to approve the districts fiscal year 2026 proposed budget at its June 23 regular meeting, adopting a $115.8 million all‑funds plan that projects a $1,119,399 decline in the general fund balance.
Board members voted in favor after a presentation by district finance staff; Director Powellson moved to approve the budget "as presented," and Director Liss seconded the motion. Chair Portia Eric Carter cast the deciding aye when members voted by voice.
The budget presentation described updated enrollment and revenue assumptions that reduced the districts projected average daily membership (ADM) by 131 students to 3,895 for preK–12 and incorporated recent…
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