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Schenectady schools present $291 million draft budget with $5.1 million planned fund-balance draw
Summary
CFO Terry Galuli presented a $291,099,922 draft budget for 202526 that maintains current programs and would rely on $5.1 million of fund balance to balance the coming year if adopted.
CFO Terry Galuli presented the Schenectady City School Districtbudget overview for 202526 2026 on March 26, saying the district is proposing $291,099,922 in total expenditures, a $13.4 million (4.81%) increase from the prior year. He said the draft maintains existing programs and staffing, includes requests for additional positions under consideration, and assumes current state aid proposals absent final state action.
Galuli told the board the revenue mix under the draft is dominated by state aid (about 76.6%) and local taxes (about 20.4%). He said the district is preparing the budget with the governorproposal figures in…
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