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District committee reviews FY2025–26 budget; staff warns one‑year operating deficit tied to contract changes and new schedule
Summary
Business and Finance committee reviewed the FY2025–26 comprehensive meritorious budget, projected evidence‑based funding and fund balances, and recommended the budget be posted and the full board hold a public hearing; staff noted a planned one‑year operating deficit tied to negotiated contracts and the eight‑period schedule.
Finance leaders presented the district’s FY2025–26 budget materials and recommended posting the comprehensive meritorious budget and holding a statutory public hearing June 25, ahead of the fiscal year start July 1.
Key revenue and expense drivers: The presentation highlighted property‑tax revenues, state evidence‑based funding (EBF) projections, federal grants and other local revenues. Staff said they were projecting EBF at roughly 141.7 (figure cited by presenters) based on prior allotments and that some state allotments will be finalized in the fall. Salaries and benefits…
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