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Osseo presents long-range financial model showing projected shortfalls beginning FY26; staff urge measured approach
Summary
Finance staff presented the district’s long-range financial planning model and budget assumptions, noting a FY2026 adopted budget of $422,500,000 and projections that expenditures will outpace revenues beginning in FY26; staff recommended no new strategic investments for FY27 and committed to modeling options to preserve a board-required minimum fund balance.
District finance leaders presented the long-range financial plan at the Nov. 11 work session, reviewing assumptions, revenue/expenditure projections and fund-balance scenarios and urging prudence in near-term spending.
Staff said the district’s FY2026 adopted budget is approximately $422.5 million and walked the board through a multi-year projection that shows expenditures beginning to outpace revenues in FY26. In one slide discussion staff cited a projected permanent operating shortfall in the model…
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