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Beloit School District warned of $4.5 million shortfall; officials outline staff, program and referendum choices
Summary
District staff told the Board of Education the 2026–27 budget faces a roughly $4.5 million shortfall and presented options including selling surplus property, not filling vacancies, freezing raises, cutting addendums, reducing athletics or delaying capital projects; a November referendum remains on the table.
Dr. Anderson told the Beloit School District Board that the district faces an estimated $4.5 million budget shortfall for 2026–27 and a much larger fiscal gap the following year if no structural solution is found.
The superintendent said using fund equity could close next year’s deficit for a single year but warned that doing so would exhaust reserves and leave the district approximately $7.7 million short in the following year. "For 1 year, if you wanted to balance your budgets using fund equity . . . that is a 1‑year solution, but only 1 year," he said.
Why it matters: the presenter said that balancing the budget this year would actually lower the district mill rate from about 5.30 to 5.04 — roughly a 25‑cent decline, or about $25 per $100,000 of assessed value — but also stressed that a lower levy without additional revenue would force reductions in programs and services.
Board members were shown a menu of options Dr. Anderson described as the…
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