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Fort Atkinson projects roughly $2.2 million deficit for 2026–27 as referendum revenues phase out
Summary
District finance staff told the school board an early budget projection shows an approximately $2.2 million operating deficit in 2026–27 after a three‑year operational referendum expires, driven by rising property values, declining enrollment and modeled assumptions for wages and benefits.
Fort Atkinson School District finance staff warned the board that the district could face an operating shortfall of about $2.2 million in the 2026–27 fiscal year after a three‑year operational referendum expires.
"Projections are a snapshot as of the information we have today and they are not a guarantee of the future," said Mr. Knitt, the district's director of business services, who presented the multi‑year budget model and assumptions to the board.
Why it matters: The model combines enrollment forecasts, property‑value trends and several fixed assumptions. Staff told the board that Fort Atkinson's…
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