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St. Paul board approves FY2026 revised budget; general fund deficit reduced by $37.2M
Summary
The school board approved a revised FY2026 budget that reduces the previously projected deficit by $37.2 million and projects an unassigned general fund balance of 5.07% (19 days). Adjustments reflect special-education reimbursement revenue and higher projected expenses for special education, paid family leave and temporary virtual learning operations.
The St. Paul Public School District Board of Education approved a revised FY2026 budget on Feb. 17 following a presentation from the district’s business team.
Administration reported a $37.2 million improvement versus the adopted budget’s deficit projection; the revised general fund ending…
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