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Farmington board reviews FY26 budget projection, proposes use of reserves to close $1.4 million gap
Summary
School district staff outlined state funding changes, a projected $3 million deficit that has narrowed and a plan to use about $1.4 million of assigned and unassigned fund balance to balance the FY26 budget pending further adjustments and possible reductions.
Farmington School Board members spent the work session focusing on the district’s proposed FY26 budget and how state funding changes could affect revenue and services.
Director Huska, who led the presentation, said the district is still modeling revenue because the Minnesota Legislature has not finished its work for the next biennium. She said the state is keeping the general formula with a 2.74% inflation factor for FY26, will hold compensatory funding harmless for now and will reduce special education transportation funding by 5% in FY26 and another 5% in FY27. "This budget conversation is, you know, we talk about it all year long," Director Huska said.
The presentation placed the district's current revenue at about $94 million and expenditures…
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