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Rockwood finance staff warn DESE revenue revisions could force larger reserve use for FY27
Summary
District finance staff told the board that recent DESE projections of a $1 billion state revenue shortfall and proposed prorating of the state adequacy target reduce Rockwood's expected revenue by millions, increasing reliance on reserves and prompting plans for further budget adjustments and community messaging.
District finance staff told the Rockwood Board of Education that Missouri’s recent state revenue outlook and DESE projections will reduce the district’s state funding and materially affect next year’s budget.
Cindy Boyes and Dan Steinberg summarized the situation: state officials have signaled a roughly $1,000,000,000 shortfall in general revenues that will lower school funding. DESE announced it expects to prorate the state adequacy target (SAT) for the current year to around $6,900 per student (the statutory SAT was cited at $7,145). Using staff calculations, the board…
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