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District finance director warns of roughly $2 million shortfall for 2025–26 budget
Summary
Ms. Holberchock told the McGuffey board that, with current assumptions, the district faces an estimated $2 million deficit next year driven by rising salary and benefit costs, cyber charter tuition and reduced federal ESSER funding.
The McGuffey School District's finance presenter told the board March 20 the district faces a projected shortfall of roughly $2 million for the 2025–26 fiscal year unless changes are made to revenue assumptions or spending.
In a presentation to the board, Ms. Holberchock said the district had collected about $28.25 million in revenue as of Feb. 28 (about 81% of the budgeted amount). She summarized major cost drivers: salaries and benefits (around 65% of the budget),…
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