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School officials present revised FY2026 budget; committee adopts update with $130,000 contingency
Summary
CFO presented a revised FY2026 general fund budget showing a $255,000 revenue increase driven by one-time cooperative funds and extra state aid; the committee adopted the update and set a $130,000 contingency for possible district needs.
The South Kingstown School Committee approved an administrative recommendation to adopt a revised FY2026 general fund budget after the district’s finance team reconciled changes since the March adopted budget.
Tony Ferrucci, the district finance officer, told the committee that the town enacted a level municipal appropriation that left the district about $500,000 short of what it had expected. That shortfall was largely offset this year by one-time funds from the district’s departure from a self-insurance cooperative and by somewhat higher state aid totals. “You went to a new…
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