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Fulton County Board of Education approves $2.46 billion tentative FY2026 budget, warns of $98 million shortfall
Summary
The Fulton County Board of Education approved a tentative FY2026 budget totaling $2,463,595,140 and heard warnings of a roughly $98 million projected gap next year, rising special-education and health-benefit costs, and growing tax exemptions that officials said will strain local revenue.
The Fulton County Board of Education on a unanimous vote approved a tentative fiscal year 2026 budget that totals $2,463,595,140 across all funds, while trustees and staff cautioned the district faces a roughly $98 million budget shortfall next year and "a collision course to insolvency" without changes.
Chief Financial Officer Marvin Dreef read the budget motion and fund totals for the board: a $1,474,973,142 General Fund; $59,424,077 for school nutrition; $65,734,694 in special revenue funds; an $803,515,249 capital program; a $43,254,106 pension fund; and $16,693,871 in student activity funds. Dreef also listed proposed fund-balance commitments of $219,655,624 under DIBA policy and assignments including $23,400,000 for textbooks.
The board approved the motion after a discussion of enrollment and cost trends. "We are absolutely totally underfunded from the federal government as it…
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