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Board hears budget presentation highlighting circuit-breaker losses, insurance spikes and plan to limit capital spending from operations fund
Summary
At the Sept. 22 budget hearing the district’s finance staff outlined education, operations and debt-service budgets, projected property-tax circuit-breaker losses, health-insurance cost increases, and a plan to postpone capital projects in the operations fund.
On Sept. 22 the New Albany-Floyd County Board of School Trustees held a public budget hearing during which district finance staff reviewed the proposed 2026 budgets, fund structure and financial pressures facing the New Albany Floyd County School Corporation.
District presenter "Mr. Street" walked the board through fund-by-fund details, emphasizing that the district’s accounting is "fund driven" and that education, operations, debt service and referendum funds have distinct purposes and cannot be co-mingled. He said the education fund will see a roughly neutral change because a modest state formula increase was offset by a drop in average daily membership (ADM). "We're looking at…
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