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Board hears FY26 budget update; administration outlines $19 million in reductions and schedules special budget input meeting
Summary
The St. Paul Public Schools administration on March 18 briefed the Board of Education on a projected $51.1 million FY26 shortfall and a plan combining $19 million in reductions and revenue adjustments with reserve use to stay above a 5 percent unassigned fund-balance target.
Superintendent Tyne and district finance and operations chiefs presented a fiscal 2026 budget update March 18 that outlined a projected $51.1 million shortfall, proposed reductions of roughly $19 million and a plan to draw on fund balance while maintaining a minimum unassigned fund balance above 5 percent.
Tom Sager, executive chief of financial services, said the district initially identified a $51.1 million deficit and proposed a mix of expense reductions and revenue adjustments amounting to about $19 million. The plan included drawing assigned and unassigned fund balance to reduce the shortfall and projected an unassigned fund balance of roughly $37.9 million (about 5.17 percent) at the end of FY26.
The presentation described guiding principles: prioritize classroom supports and…
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