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KIPP Texas forecasts FY26 deficit, cites fundraising shortfalls and SHARS impact; recommends retention incentives
Summary
CFO Sun Han told the board KIPP Texas expects a fiscal‑year‑2026 operating gap of about $18 million under current assumptions, flagged a $1 million SHARS (Medicaid) shortfall and a likely lower fundraising result, and described a proposed $5 million COLA and $8.5 million retention incentive under discussion.
Sun Han, chief financial officer, told the KIPP Texas Board of Directors on April 24 that under current assumptions the draft fiscal‑year‑2026 operating budget contains an $18 million deficit and that the executive team is trying to reduce that to $15 million before final approval. Han said revenue gains in fiscal‑year‑2025 include an additional $4 million in Title funds but that revenue pressures include a $1 million loss from SHARS (Medicaid reimbursement) compliance issues and a projected $2 million fundraising…
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