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Board approves $298 million FY2026 budget that includes $7.7 million use of fund balance
Summary
The Saint Mary's County Board of Education voted to approve the fiscal year 2026 budget, a $298 million plan that incorporates $7.7 million in planned use of fund balance and allocations for bus-contractor retention, building maintenance, technology refresh and OPEB contributions.
The Saint Mary's County Board of Education voted to approve the FY2026 unrestricted fund budget on May 21, approving a $298,000,000 total plan that includes a planned use of fund balance of approximately $7,700,000.
The budget, presented by the district budget team, sets unrestricted recurring funds at $290,200,000 — reflecting a $7,300,000 increase from the current year — with local funding of $137,400,000 (a $3,100,000, or 2.3 percent, increase) and state funding of $146,500,000 (a $3,100,000, or 2.2 percent, increase). The presentation also listed federal funding at $2,700,000 and other funding at $3,400,000.
The board heard a line-item recap that said nonrecurring funds total about $7,800,000, composed mainly of the $7,700,000 planned use of fund balance together…
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