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Commission hears Article 39 revenue update; $4.1 million redirected to school operating reduces FY26 capital projection
Summary
Commission finance presenter Carrie reported that 50% of Article 39 sales tax is dedicated to school capital and that a $4.1 million reallocation to school operating expenses in July reduced projected FY26 capital revenue to about $26.1 million; staff and commissioners agreed to clarify slide wording and confirm timelines for the next funding cycle.
At a School Capital Commission meeting, finance presenter Carrie reported the commission’s FY26 capital revenue projection and explained that a July reallocation of funds to school operating expenses reduced the capital projection to roughly $26.1 million. "50% of that article 39 sales tax is fully dedicated to school capital projects," Carrie said, and she told members the projection reflects sales-tax receipts and a 2% conservative growth assumption.
Why it matters: commissioners rely on the Article 39 funding profile when evaluating which capital projects to…
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