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Kenai Peninsula Borough School District projects $8.6 million FY27 shortfall, asks borough for $62.36 million in support
Summary
Kenai Peninsula Borough School District officials told the borough finance committee the district faces about an $8.6 million gap for FY2027, presented three budget scenarios and asked the borough to fund at least $62,359,080 to restore cuts and lower pupil‑teacher ratios; officials also detailed school closures and hiring risks tied to timing uncertainty.
Zarena Voydovich, the Kenai Peninsula Borough School District finance director, told the borough finance committee the district’s preliminary FY2027 budget shows roughly $140.97 million in projected revenue and about $149.57 million in expenditures and transfers, producing a projected deficit of about $8.6 million.
The figure is driven by state foundation funding that the district projects at roughly $80.71 million for FY27 and a larger required local contribution after a recent increase in assessed property values. “We have an $8.58600000 shortfall,” Voydovich said while walking the committee through the foundation formula and the district’s enrollment and ADM calculations.
Voydovich said the district used a detailed enrollment process for FY27—advancing grades at brick‑and‑mortar sites, principal input, charter and alternative‑program projections, and a three‑year kindergarten average—to produce a projected headcount of 8,104 students (including preschool). Using the foundation formula steps (school‑size adjustment, district cost factor, special‑needs and vocational…
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