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University City approves 2025-26 budget despite projected operating shortfall
Summary
Board approved the district's updated 2025-26 budget covering all funds; finance staff projected roughly a $1.5 million operating deficit before expected underspending and highlighted a $965,000 debt-service surplus partly offset by a $391,000 senior property tax credit impact.
The University City Board of Education approved an updated all-funds budget for 2025-26 after receiving a presentation from finance staff that outlined revenue sources, debt-service projections and long-term fund-balance risks.
Finance staff said local revenue remains the district's dominant funding source, representing nearly 80% of total revenues. The presentation listed a $965,000 surplus in the…
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