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Thomas Charter board approves second interim budget, projects modest deficit and strong reserves
Summary
The Thomas Charter School Board on March 9 approved its 2025–26 second interim budget, projecting roughly $28.2 million in revenues and about $31.0 million in expenditures for 2026–27 while noting a healthy ending fund balance near $24.3 million and a need to identify ongoing reductions of approximately $488,000.
The Thomas Charter School Board unanimously approved the 2025–26 second interim budget at its March 9 meeting after a presentation by the district business office and a period of questions.
A business-office presenter summarized the report, saying the district was "projecting $28.2 million in revenues for 2026–27" while forecasting about $31.0 million in expenditures and roughly $2.3 million in planned capital outlay. The presenter said salary and benefits make up…
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