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Sto-Rox SD previews $7.5M in capital needs, recommends $5.8M transfer from fund balance
Summary
At a Sto-Rox SD board meeting, finance staff presented a preliminary 2026–27 budget showing roughly $7.5 million in outstanding capital projects and recommended transferring $5.8 million from unrestricted fund balance to the capital fund; the presentation also projected a 2026 shortfall just under $300,000 and noted the board does not plan to exceed the Act 1 index for next year’s millage.
Scott Reed, presenting the Sto-Rox SD preliminary 2026–27 budget, told the board that the district’s capital-improvement backlog includes about $7,500,000 in remaining projects — with the junior–senior high school among the most urgent needs — and recommended a $5,800,000 transfer from unrestricted fund balance into the capital fund to address health-and-safety work.
Reed said district enrollment measures (average daily membership and October 1 in-district counts) have trended downward and that, while state revenue estimates are currently steady, several expense pressures increase budget risk: an anticipated roughly 10% rise in health-care costs, charter tuition…
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