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Preliminary 2025–26 budget shows $3.4M operating shortfall; board to consider fund‑balance transfers and 4% Act 1 index
Summary
Business manager presented a first look at the 2025–26 budget showing $155M in projected revenue, $158M in expenditures (operating shortfall ~$3.4M), and proposed uses of fund balance that would leave the district's unassigned fund balance near 4.97% of operating expenses if fully used.
Mister Testa, the district’s business manager, presented the preliminary 2025–26 budget at the Feb. 13 finance committee meeting, describing early revenue estimates, expenditure drivers and planned timelines for public inspection and board adoption.
Testa said the proposed revenue in the draft budget is about $155 million while proposed operating expenditures are about $158 million, producing a projected deficit of approximately $3.4 million. He told the committee the budget as presented maintains current programs and contractual obligations while reflecting preliminary medical and utility cost…
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