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Petersburg school board approves draft FY‑26 budget to send to city council, OKs related amendments
Summary
After a multi‑hour presentation and questions from board members, Petersburg City Public Schools approved a $89,018,327 draft fiscal 2026 budget to be forwarded to city council and voted to seek a $4.52 million increase in FY‑25 appropriations to cover mid‑year needs.
The Petersburg City Public Schools Board on March 19 approved the superintendent’s draft fiscal 2026 budget, directing staff to present the $89,018,327 proposal to Petersburg city council. The board also approved a separate motion to increase FY 2024–25 appropriations by $4,523,623.18 and forward the necessary documents to the city for its consideration.
The superintendent’s draft ties new spending to six stated priorities that include talent recruitment, facilities, and instructional support, presenters said. John Wallingford, the district’s chief financial officer consultant, walked the board through technical adjustments that underpin the plan — including a 3% proposed salary increase for staff, an 8% assumed rise in health‑insurance costs and a roughly $300,000 fuel budget increase. Wallingford also apologized for a prior revenue presentation error and explained an approximately $452,000 “other” revenue line is split between the general fund and small grants, a change that adjusts revenue forecasts by about $200,000.
“What's important to note is that this $452,000 is split…
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