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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 unassigned balance is projected at 5.07% of expenditures, equal to roughly 19 days of operations. Revenue adjustments that improved the outlook included reimbursements for special-education expenses and additional grants; higher expenses were driven by special education services, paid family leave and costs tied to the temporary virtual learning option.
Chief financial staff described adjustments across funds: a slight expected decline in food-service fund balance given remote-learning impacts, a drawdown in building-construction funds as listed capital projects near completion and continued monitoring of community service fund variances. Administration recommended board approval of the revised budget and the board voted to approve the revision unanimously.
Board members asked clarifying questions during the presentation but approved the revised budget as presented.
