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District officials sound alarm on budget shortfall, recommend tax levy and borrowing
Summary
CFO and staff told the Ferguson‑Florissant board the district faces a tight fiscal picture: amended 2024–25 spending will exceed revenues, the FY26 draft leaves the operating fund balance near or below safe levels, and administrators recommended an August operating tax‑levy increase and a $25 million tax note if needed.
Ferguson‑Florissant School District finance staff presented an amended 2024–25 budget and a draft FY26 budget on May 28 that show the district ending the year with expenditures exceeding projected revenues and carrying a low unrestricted fund balance into the next year.
Chief finance presenter Doctor Singleton told the board the amended all‑funds revenue forecast for the current year is about $156.6 million while amended expenditures are about $167.9 million, driving the district to reduce reserves. For operating funds only, the administration projected an unrestricted fund balance of roughly 5.4 percent at year end; the FY26 draft showed an operating‑fund balance as low as 1.58 percent without additional action.
Administration attributed the largest single budget pressure to higher‑than‑budgeted purchase…
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