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Shakopee school finance team presents fiscal 2026 budget assumptions and long-range model showing potential deficits in 2027–28
Summary
Finance director Bill Bonacchio and Superintendent Michael Redmond presented a proposed fiscal 2026 general fund budget and a long-range financial model that projects possible fund balance declines into fiscal 2027–28 if no changes are made; board discussed levy and cuts as options.
Finance Director Bill Bonacchio presented the proposed fiscal 2026 general fund budget to the Shakopee Public School District board on April 14 and described underlying assumptions; Superintendent Michael Redmond and the board then discussed a long-range financial planning model extending to fiscal 2028.
Bonacchio said the budget process is governed by statute (Minn. Stat. 123B.77) requiring the board to approve an annual budget prior to the fiscal year start on July 1. For fiscal 2026 the district’s guiding principle is to maintain an unassigned general‑fund balance near 10% of expenditures. He presented the following published assumptions and projections for fiscal 2026 (preliminary): general fund expenditures budgeted at about $132,200,000 and projected general fund revenues of…
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