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Fort Atkinson board says district's long-term finances need a referendum; approves market and longevity pay adjustments
Summary
The Fort Atkinson School Board heard updated budget projections showing significant future deficits without an operating referendum, approved $288,841 in market and longevity compensation adjustments for 2026-27, and was told lower-than-expected insurance rates trimmed next-year costs.
The Fort Atkinson School Board on Monday heard updated projections that show the district could face multi-million-dollar deficits in future years without an operating referendum, and it approved market- and longevity-based pay adjustments intended to keep salaries competitive.
During a budget presentation, Director of Business Services Mr. Knitt said the district recorded an earlier surplus of about $2,400,000 and currently projects a roughly $130,000 surplus for the year, but warned the 2027-28 outlook would turn sharply negative "without our existing operating referendum." He said a no-referendum scenario could leave the district about $10,700,000 in the red, and that even continuing the district's existing $6.5 million annual referendum would leave…
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