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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 approximately $360,000 in federal Title III funds but that the newly available state block grants could offset some losses depending on final state budget action.
Business staff outlined several planning assumptions built into the multiyear model: property tax growth (4–5% projections), reductions to some administrative expenditures, modest staffing adjustments tied to expected enrollment declines, and potential reallocations of community schools expenditures into restricted funding to better align with state sources. The presentation flagged transportation fund moves (about $4.2 million) and parcel‑tax renewal planning for 2027–28.
The board also considered a resolution to enable the district to proceed with discussions with rating agencies and the sale of the next tranche of Measure T bonds to fund capital projects. Staff characterized the resolution as procedural authorization to meet rating agencies and proceed with bond sale logistics; trustees voted to approve the resolution.
Trustees asked for follow‑up detail on the drivers of a projected 2025–26 deficit (~$10M in one scenario) and how out‑year assumptions reduce that deficit in later projections. Business staff cited a mix of one‑time spending, revenue growth assumptions and expenditure reductions (including anticipated lower NPA costs) as the reasons the deficit narrows in out years.
The budget draft will be brought back for formal adoption in June with any state budget changes integrated if possible.
