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Finance director briefs school committee on FY2026 budget assumptions and reserve guidance
Summary
School finance staff updated the committee on FY2026 budget assumptions, state aid timing, a possible town per‑pupil funding recalculation that could cut $2 million, and modern GFOA guidance recommending a risk‑based approach to reserves.
The school finance presentation to the South Kingstown School Committee reviewed assumptions for the fiscal‑year 2026 budget, highlighted a possible town recalculation of per‑pupil funding that staff estimated could reduce the school tax transfer by about $2 million, and flagged national guidance urging a risk‑based approach to reserves.
Finance staff presented a draft budget overview previously shared with the committee’s budget subcommittee. The presentation emphasized that assumptions were preliminary and subject to change as…
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