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Commission hears updated revenue forecast, staff warns $4M reallocation reduces capital available to about $26M
Summary
Officials reported an updated Article 39 sales-tax projection of $30.05 million for the fiscal year but said a prior $4.0 million reallocation to operating expenses will leave roughly $26 million available for school capital; staff previewed a $56 million share of a 2026 debt issuance that would add about $4 million in annual debt service starting FY27.
The School Capital Fund Commission on March 30 received an updated revenue and fund-balance report that showed estimated Article 39 sales-tax receipts of $30,050,000 for the fiscal year but clarified prior reallocations mean the commission will have substantially less capital to spend.
“We have estimated about a 6% year over year growth, and that is showing about 30,050,000.00 as our anticipated full revenue received for the end of the fiscal year,” Chair (speaker 2) said while presenting the revenue slide. Chair and staff clarified that…
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