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Liberty Public Schools previews $263.4 million preliminary budget; officials warn of planned deficit spend
Summary
District staff presented a preliminary 2025-26 budget that projects $228.6 million in revenues, $263.4 million in expenditures and a planned drawdown of fund balance to about 20% by year-end, driven largely by falling capital spending as bond projects near completion.
Liberty Public Schools staff presented the board Wednesday with a preliminary 2025-26 budget that shows $228,622,685 in projected revenue and $263,408,907 in proposed expenditures, leaving a projected year-end fund balance of roughly $72 million, or about 20% of expenditures.
"This budget shows an $878,000 decrease in total revenues from the current year budget," the district's budget presenter said, describing a capital revenue decrease of $4.5 million and operating revenue increases of about $2.7 million. The preliminary budget assumes a 7% increase in assessed valuation for the…
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