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Preliminary budget review shows ~$7.8M gap; medical benefits and special‑ed tuition are major drivers
Summary
Finance staff presented a draft 2026–27 operational budget near $124–126M and said the district currently faces roughly a $7.8M gap before possible state funding; key cost pressures include wages/benefits, medical premiums, special‑education and charter tuition, and a near‑term debt‑service spike tied to planned borrowing.
Finance staff presented the board with an early look at the 2026–27 fiscal picture, flagging cost pressures and a preliminary gap that will shape upcoming budget deliberations.
Business office staff said the draft operational expense runs roughly $124–126 million. Key cost drivers include projected wage increases, a notable projected rise in medical benefits (staff noted prior premiums rose ~10% on Jan. 1, 2025 and projected…
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