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Finance committee faces $2.6M fund‑balance draw for 2026–27 draft budget as prescription costs surge
Summary
The proposed 2026–27 general fund budget would spend about $107.6M and rely on roughly $2.6M of fund balance to close the gap; trustees and residents pressed administration about rising prescription costs (noted as a 39.2% increase) and the sustainability of using reserves versus tax options.
The finance committee reviewed a draft 2026–27 general fund budget that totals about $107.6 million and, as presented by business‑office staff, would require a draw of approximately $2.6 million from the district’s fund balance to balance revenues and expenditures.
Business‑office presenters attributed the shortfall to a combination of factors: personnel and benefit changes following the reorganization, a projected rise in medical and prescription expenses (the presentation cited a 39.2% increase in prescription costs), insurance premium changes and planned capital spending that includes a $40 million borrowing request tied…
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