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CFO outlines tight budget outlook: district reliant on state funding and fund-balance policy debated
Summary
CFO Tina Tucker briefed trustees on the district's FY25-26 budget constraints, heavy reliance on state funding (about 64%), potential teacher-pay options, millage choices and reserve policy debate; trustees voted to keep the board's reserve policy as written after an amendment failed.
At the May 5 School District 5 meeting, Chief Financial Officer Tina Tucker presented the first reading of the fiscal year 2025-26 general fund budget and a detailed explanation of fund-balance considerations, reassessment effects and millage options.
Tucker told the board that roughly 64% of the district's operating fund comes from the state and warned that changes in the state's funding formula and reduced statewide allocations for "state aid to classrooms" will reduce the district's new-state-money projection this year. "If our district relies on 64% of its funding coming from the state, changes in that state formula will impact us greatly," Tucker said.
Nut graf: With state funding highly material to…
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