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Superintendent reports budget outlook stable; hold-harmless funds and MSDE numbers expected for FY26
Summary
District finance staff told the board April 8 that, based on the latest legislative activity, key funding tied to House Bill 504 appears to have been preserved and the district is tentatively projecting about $59.7 million in revenues for FY26.
Finance staff and Superintendent McGarty briefed the board on the district’s revenue outlook for fiscal year 2026, saying recent legislative developments left the district in a stronger position than earlier anticipated.
The presenter said that as of late the district’s understanding is that funding tied to House Bill 504 remains intact and that the conference committee had preserved certain…
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