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Board adopts FY26 budget as administrators warn Senate Bill 3 could cut district revenue
Summary
The Francis Howell R-III School Board approved a balanced FY2026 operating budget and related budget amendments on June 19 while district finance staff warned that newly enacted Senate Bill 3 could sharply reduce future property-tax revenue unless voters opt in at a county ballot measure.
The Francis Howell R-III School Board on June 19 approved a balanced fiscal year 2026 operating budget and related transfers after the district’s finance chief told trustees a recent state law could sharply constrain future property-tax revenue.
Chief Financial and Operations Officer Carol Embry said the recommended FY26 operating budget targets an operating fund balance of roughly 27.3 percent at June 30 and assumes a state “equity target” increase of $3,200,000 in the coming year (Emby noted that figure could be as high as $6,400,000 if fully funded). Embry told the board that total governmental fund revenues in the budget are roughly $292.2 million against expenditures of about $333.6 million, a gap explained in part by continued spending down of prior bond proceeds.
Embry told the board that the Missouri legislature on June 14 signed Senate Bill 3, a property-tax relief measure that…
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