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Board approves FY25 midyear budget update and sets FY26 assumptions as state and federal funding uncertainties loom
Summary
The Saint Louis Park School Board on March 25 approved midyear budget adjustments for fiscal 2025 and adopted budget assumptions for fiscal 2026, keeping an 8% fund balance and warning of possible future cuts tied to state and federal funding uncertainty.
The Saint Louis Park School Board voted unanimously on March 25 to approve a midyear budget update for fiscal year 2025 and to adopt budget assumptions to guide preparation of the fiscal 2026 budget.
The board approved a midyear general-fund revenue estimate of about $82.8 million and reported expenditures running near $84 million after adjustments, driven primarily by salaries and benefits and special-education costs. Director Magnuson summarized the midyear adjustments as incorporating “the impact of our enrollment increase this fall, special education revenue increases, actual staffing costs, and revised projections in other areas like utilities and transportation.”
Why it matters: the board acknowledged a projected $2 million budget shortfall first announced in October 2024 and chose to preserve an unreserved fund balance of roughly $5.6 million, about 8% of the budget, as contingency against further cuts. Administrators recommended a longer-term target fund…
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