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Board adopts revised FY26 budget; superintendent warns of enrollment losses and state funding cuts
Summary
The board approved a revised FY26 budget showing a roughly $1.39 million net negative change driven by enrollment declines, capital spending and increased costs; Superintendent Miss Selvers reported 19 students moved out recently and flagged potential statewide cuts to compensatory and special education funding that could deepen next year’s shortfall.
The Stewartville Public School District board unanimously adopted a revised fiscal year 2026 budget after a presentation from finance staff showing a projected net negative change of approximately $1,386,000.
Finance presenter Mister Shorter said general fund revenues are just under $27 million while expenditures are just over $28 million under the revised plan. He reported an unassigned general fund beginning balance of $2,831,905 and a projected ending balance of $2,565,006.42 — a decrease of about $266,002.63 that reduces the unassigned fund‑balance percentage from roughly 10.5% to just over 9% under current projections.
Key drivers listed by Shorter included a downward revision in enrollment,…
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