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Racine Unified presents FY26 interim budget; board to vote at June business meeting
Summary
District staff presented an interim FY26 budget that relies on referendum funds, assumes modest revenue-limit increases and contains a projected Fund 10 surplus; board members pressed staff on special education transfers, staffing reductions and long-term debt metrics.
Racine Unified School District staff presented the district’s fiscal year 2026 interim budget Wednesday and said the board will be asked to approve the interim plan at the June business meeting.
The interim budget incorporates $26,000,000 from the district’s 2025 referendum, assumes a $325 per-pupil revenue limit increase and sets special education reimbursement at 30 percent, said the staff presenter. The presentation projects a Fund 10 (general fund) surplus of $431,000 in the interim plan but shows increasing special education costs that will require transfers from the general fund.
The presentation noted board-approved assumptions built into the interim plan: a 2.95 percent wage increase across schedules, a 12 percent health insurance cost assumption, a 5.5 percent transportation increase and a 3 percent utilities…
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