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Minnetonka board approves $5 million in budget reductions for FY26 amid state funding uncertainty
Summary
The board approved a package of budget adjustments for fiscal 2026 that aim to eliminate a projected roughly $4.96 million deficit, primarily through personnel reductions and modest fee increases, and directed monitoring of financial forecasts.
The Minnetonka School Board on Jan. 7 approved budget adjustments intended to close a projected fiscal year 2026 deficit of about $4,955,000.
Paul (last name given in packet as "Bourgeois" in the meeting) presented the financial outlook, saying the district faces a projected deficit of just under $5 million for FY26 and that 88% of the general fund budget is personnel costs. The proposed adjustments focus on reducing personnel costs and include specific target amounts: $375,000 from district center/service center and associated support staff (7.5% target), $375,000 from building…
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