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Hopkins presents FY26 first‑read budget with a roughly $7 million structural gap; staff outline cuts and reallocations
Summary
District leaders briefed the board on a proposed FY26 budget that begins with a roughly $7 million shortfall driven by flat enrollment, rising transportation costs and salary/benefit pressures; staff described targeted reductions, use of restricted balances and further work before a June 10 final vote.
Hopkins Public School District staff presented the first read of the proposed fiscal year 2026 general fund budget and described a multi‑million dollar structural shortfall they are addressing with a mix of reductions and one‑time resource reallocations.
What the district said about the gap: Staff framed the shortfall as the result of flat/near‑flat enrollment, rising operating costs and state formula revenues that have not kept pace with district expense growth. Transportation costs were singled out as a major driver: staff said transportation expenses that had been roughly $6.5 million pre‑pandemic are approaching $11 million…
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