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Fremont City Schools forecast shows modest FY26 surplus but deficits loom by FY29
Summary
The board heard a five-year financial forecast projecting about a $1 million surplus in fiscal 2026 but structural deficits by fiscal 2029–30; trustees were told state legislation and a possible homestead exemption could reduce local revenue by roughly $500,000.
The Fremont City Schools board on Monday reviewed a five-year budget forecast that projects a roughly $1 million surplus at the end of fiscal 2026 but warns of deficit spending beginning in fiscal 2029.
Treasurer Megan presented the forecast, saying the district’s “total revenue should actually say, for fiscal year 26, $52,900,000” and that the district is projecting “about $1,000,000 at the end of the year.” The report shows revenue drivers as real estate (26 percent), state funding (30 percent) and income tax (21 percent), and it…
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