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Virginia Beach school board reviews budget balancing plan, revenue uptick and next steps ahead of SEON
Summary
At a Feb. 17 budget workshop, staff outlined a FY26–27 budget-balancing document with ~$5.2M in proposed reductions, an additional $510,838 in local revenue from city revisions, and options for staff compensation pending state budget actions; SEON and CIP will be presented Feb. 24 with final adoption slated for March 24.
Virginia Beach City Public Schools staff told the board on Feb. 17 that the division's budget-balancing document for fiscal year 2026–27 includes roughly $5.2 million in proposed reductions and builds on about $16.7 million in savings achieved over the past three years. "As shown, the total proposed reductions amount to $5,200,000 approximately," Crystal Pate, chief financial officer, said during the workshop.
Staff also reported a city update to local revenue projections under the revenue-sharing formula that increases expected local revenue for…
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