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Virginia Beach school board adopts $1.04 billion operating budget and $947 million CIP
Summary
The Virginia Beach School Board unanimously approved the FY 2026-27 operating budget and a six-year capital improvement program on March 24, 2026. The operating budget includes targeted pay-scale increases and additional health fund contributions; both approvals are contingent on the state budget.
The Virginia Beach School Board voted unanimously on March 24 to adopt a $1,040,480,097 operating budget for fiscal year 2026-27 and a $947,329,209 capital improvement program covering FY 2026-27 through FY 2031-32.
Tiffany Jacobs, the division's director of budget, told the board the proposed operating budget reflects an estimated $34 million revenue increase over the amended FY 2025-26 budget and remains contingent on action by the General Assembly. "Once the state budget is passed and updated revenue information is made available, we will return to the board with recommended budget options," Jacobs said.
The adopted budget includes roughly $14.6 million in contributions to…
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