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CFO outlines $508 million district budget; operating funds, enrollment and reserves discussed
Summary
CFO Russell McNapp presented the operating‑fund portion of the district’s $508 million budget, projecting $316 million in operating funds, stable enrollment, added staffing requests, and pressures from rising health‑insurance costs.
Russell McNapp, the district chief financial officer, presented the second of two budget workshops to the board, reviewing operating funds that make up about 61 percent of the district’s total $508 million budget.
McNapp said the district projects 26,532 students for 2025–26 (an increase of about 37 students over the current year) and is building the 2025–26 operating budget on the higher of the current or prior year audited enrollment. He said operating funding for 2025–26 is estimated at roughly $316 million, with about 73 percent coming from general state aid and about 24 percent from local taxes.
Key assumptions and highlights McNapp outlined include: a base per‑pupil value of $5,615 (an increase of $237 from the prior base), cost‑of‑living weighting moving to 6.25…
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