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District finance staff warn legislative package leaves little flexible money despite teacher pay items
Summary
Finance staff told the board the current legislative proposals increase some funding but include restrictions and new requirements that leave limited unrestricted revenue for the district, while implementation of vouchers and homestead exemption changes add uncertainty.
Eagle Mountain Saginaw ISD finance staff presented an updated budget outlook on May 19 and told the board that proposed state funding changes give some targeted increases but leave the district with limited flexible revenue to plug a projected deficit.
Finance presenter Rob told trustees the district’s preliminary projection earlier in the budget cycle showed a roughly $10 million shortfall when the model excluded uncertain compensation increases. The district reported an estimated ending fund balance of about $70 million (roughly 103 days) without adjustments; that figure would fall under the $10 million gap scenario. A fiscal-calendar change adopted by the board will shift the district’s reported fund balance for 2025–26 to about $72 million (about 105 days), Rob said.
Rob summarized competing House and Senate approaches to school finance. He said the House-passed House…
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