Parkway Board approves 2025–26 fall budget adjustments after senior tax-freeze reduces revenue

The Parkway Board of Education approved fall 2025–26 budget adjustments (item 11.06) on Nov. 12 after a discussion led by Carrie Nunn, the district’s chief financial officer, who described revenue impacts largely tied to a county senior tax-freeze program.

Nunn told the board that about 13,300 parcels across St. Louis County applied for the senior credit and that Parkway’s rounded revenue loss from the program was $2.8 million — roughly $1.8 million more than the district had previously anticipated. She also cited a roughly $1.0 million reduction linked to an incorrectly assessed property and additional reductions from delinquent property taxes and rate-setting adjustments.

As presented to the board, the adjusted fund totals were: general fund expenditures of $110,408,946 and revenues of $103,464,460; special fund expenditures of $171,694,621 and revenues of $174,197,372; debt service fund expenditures of $21,914,584 and revenues of $34,586,005; and capital projects fund expenditures of $90,409,601 and revenues of $116,420,229. All-funds totals were listed as $394,427,751 in expenditures and $428,668,675 in revenues.

Board members moved and seconded the motion to approve the budget adjustments; the motion carried 7–0.

During the presentation, board members and staff reiterated that statewide fiscal policy and potential changes to income or property-tax structures remain uncertainties that could affect future budgets. The board also referenced a separate compensation study and ongoing committee reviews that will continue to inform budget priorities.