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District previews 2025–26 budget, flags grant prospects and authorizes bond sale process
Summary
District staff reviewed the draft 2025–26 budget and multi‑year projections, noting potential state block grants (~$2.9M), a $360K estimated Title III loss, parcel‑tax planning for 2027–28, and plans to meet rating agencies to enable a Measure T bond sale; the board authorized moving forward on the bond sale process.
San Mateo‑Foster City School District business officials gave the board a high‑level preview of the 2025–26 budget and multiyear projections on May 22 and asked trustees to authorize moving forward with the next Measure T bond sale process.
The district reported it expects potential learning recovery emergency block grant funding of up to about $2.9 million and additional student support/professional development block grants (not yet finalized). Officials also said they anticipate losing…
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