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District finance director warns of multi-year shortfalls; $10 million annual adjustments modeled
Summary
The business services director told the board that, absent substantial budget adjustments, projected revenues will not keep pace with expenditures over the next three years and presented a scenario requiring roughly $10 million in mitigations per year to avoid statutory operating debt by 2028-29.
Chris Blackburn, director of business services, presented a multi-year budget forecast at the Oct. 2 meeting and told the board that, under current assumptions, expenditure growth and expected declines in state special-education reimbursements mean the district will need substantial adjustments in coming years.
Blackburn said the district'''s forecasting model uses historical enrollment and revenue assumptions and cautioned that the figures are sensitive to several unknowns, including the enrollment impact of new schools and changes in state aid. He told the board the basic general-aid formula for 2025-26 is $7,481 per adjusted pupil unit and that he used a 2.5 percent annual inflation assumption for future years.
He highlighted two state-level changes that will reduce revenue to the district: a reduction in special-education transportation reimbursement from 100 percent to 95 percent in the current year (which Blackburn…
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