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Superintendent presents amended budget; warns of state revenue uncertainty, projects lower deficit
Summary
Superintendent Dr. Fraley walked the board through an amended 2024–25 budget that factors in lease proceeds, rising payroll costs and legislative uncertainty. He estimated amended expenditures around $86.6 million and a projected deficit near $11.1 million, and urged caution given unresolved state-level funding changes.
Superintendent Doctor Fraley presented the board with an updated amended budget on March 3, 2025, citing capital reimbursements, payroll growth and uncertain state revenue changes as the principal drivers of the revision.
Fraley said the district’s amended expenditures are now estimated at about $86.6 million, and that the predicted deficit for the year had narrowed to roughly $11.1 million after incorporating lease‑purchase proceeds and other adjustments. He told the board the amended budget also reflects $4,173,290 in lease proceeds used to reimburse prior construction spending.
“Every single day that you pull data, these numbers are going to change a little bit,” Fraley said when introducing the packet and…
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