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District projects modest deficit for FY26; outcome depends on state funding
Summary
Jefferson City School District staff presented a preliminary FY2026 budget showing a projected deficit under current state funding assumptions and potential improvement if the state fully funds the foundation formula. The board received the presentation; no adoption vote was taken.
District staff presented an initial preview of the fiscal year 2026 operating budget and told the Jefferson City School Board that the district currently projects a modest operating deficit under present state funding assumptions.
A staff presenter described revenue uncertainties tied to a reassessment year for property taxes and to pending state decisions on full funding of the foundation formula. The presenter said reassessment and new…
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