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MMSD board adopts $796.5 million preliminary budget; CFO says fund balance drawdown smaller than projected
Summary
The Madison Metropolitan School District Board of Education on June 23 adopted a $796,489,800 preliminary budget for 2025–26 and approved preliminary tax levies by fund, with staff projecting a smaller-than-budgeted fund-balance drawdown for fiscal 2024–25.
The Madison Metropolitan School District Board of Education on June 23 adopted a preliminary 2025–26 budget totaling $796,489,800 and approved preliminary tax levies by fund to permit short-term borrowing and to set the path for final fall certification.
Bob (district finance lead) told the board the district had budgeted to draw $22 million from fund balance for fiscal 2024–25 but now expects the actual drawdown to be closer to $12 million because of unfilled positions and…
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