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Indian River schools kick off 2025–26 budget after $2.7 million reduction and 88‑FTE drop
Summary
District finance staff told the board the district faces a $2.7 million net funding reduction and an 88‑student full‑time equivalent (FTE) drop after recent state calculations; staff said a major driver was higher-than-expected family empowerment scholarship payments.
District finance staff on March 10 told the Indian River County School Board the district has begun the 2025–26 budget process three months earlier than last year and is working through a net funding reduction of about $2.7 million.
"So today we did kick off the 20 five‑twenty six budget development and approval process," Mr. Green said at the meeting. He explained the district received the state's third calculation on March 3, which adjusted funding based on October…
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