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SPPS finance chief warns of early FY27 shortfall after enrollment dip
Summary
Executive chief Tom Sager told the board the district faces an early FY27 shortfall (about $15.1M) driven by enrollment declines and flat state funding components; staff will return with tightened projections and options for containment and attrition.
Tom Sager, the district’s executive chief of financial services, gave the board an early look at the fiscal 2027 outlook on Jan. 6, saying recent enrollment counts and flat funding formulas are creating budget pressure.
Sager told members the audited FY25 fund balance was about $51.9 million (roughly 6.65% of operating expenses) and that updated counts for FY26 and preliminary FY27 estimates show fewer students than previously projected. He said…
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