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Sumter proposes FY26 budget with teacher step increases and 5% spending reduction to avoid using fund balance
Summary
Chief finance officer Shatika L. Spearman presented a FY26 summary that pairs roughly $4.1 million of additional projected revenue with a recommended 5% reduction to the FY25 expenditure base. The package includes multiple personnel and program funding items and—if adopted as recommended—would avoid using the district's fund balance.
Sumter School District staff presented a summary-level FY26 budget update that would add forecast revenue and cut base expenditures to produce a balanced budget that does not rely on the district's fund balance.
“We identified approximately $4,100,000 more of new revenue for FY 2026,” Shatika L. Spearman, chief finance officer, told trustees. Spearman proposed applying a 5% reduction to the FY25 expenditure base; after adjustments and the identified revenue increases, she said the district could present a balanced FY26 budget at about $168,017,006.18 without using fund balance.
Spearman outlined several cost…
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