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Finance staff warns of tighter 2025–26 budget despite current-year balance; transportation and salary pressures highlighted
Summary
Finance staff reported the current operating budget is balanced for fiscal year 2024–25 but outlined pressures for the next fiscal year, including potential losses from coding changes to economically disadvantaged counts, rising insurance costs, transportation expenses and planned school openings.
Finance staff told the work session that the district’s current fiscal-year operating budget is balanced but that the board faces budgetary pressures for the 2025–26 fiscal year.
Staff reported the district’s operating budget for the current year is approximately $538,434,770. They said roughly three-quarters of the budget goes to salaries and benefits and that transportation spending for bus contractors is roughly $27,169,404 (about 5% of the operating budget). Utilities were reported at about $20.5 million. Staff said the district’s established fund balance has been approximately $100…
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