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District budget presentation shows $2.07M in added expenses and an $836,028 projected deficit
Summary
District staff presented revenue and expenditure projections for 2026–27 showing a $2,067,737 increase in expenses driven by salary and benefit increases, higher bond costs and IU/outside placement changes, leaving a projected deficit of $836,028.
District financial staff presented a revenue and expenditure recap for the 2026–27 budget at the board meeting, reporting several drivers of rising costs and a projected budget shortfall.
The presenter said state revenues increased modestly (about $6,199) while salaries were projected to rise by $619,746 and employee benefits by $672,657. "Our expenses have increased with all of this, $2,067,737," the presenter said, noting the increases reflect a new curriculum director position, contract wage adjustments and higher benefit costs. Health insurance alone was shown as increasing by $453,249.
The presenter also listed other drivers: purchased professional and technical services (including IU services) were shown with a planned increase; outside placements and transportation costs were expected to rise; property and technology spending were adjusted for upcoming needs; and other uses of funds tied to bonds were projected up by $584,763. The presenter reported a projected budget deficit of $836,028 for the next fiscal year.
Board members asked clarifying questions about specific object codes, outside placement estimates and whether certain projects (such as field turf) should be pursued in stages. Staff said they would post the full presentation materials on the district website and include them in future agendas for additional review.
