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McGuffey budget preview shows shrinking reserves; $6 million bond and millage increase on the table
Summary
District business manager Charlene Hoverchuk told the school board the district expects about $3.5 million in unassigned fund balance but faces a roughly $1.7 million 2026–27 deficit; a flexible $6 million bond and a move toward the full millage index are on the table to close the gap.
Charlene Hoverchuk presented the McGuffey School District’s preliminary budget outlook on March 13, saying the district is projecting about $3.5 million in unassigned fund balance at June 30, 2026 and a possible $1.7 million deficit for the 2026–27 budget year.
Hoverchuk, who reviewed revenue and expense projections, said tax collections to date have largely arrived and that the remaining revenue will come from state subsidies and small federal sources. She outlined three revenue scenarios tied to possible millage rates: the current 14.62 mills (just under $36 million in revenue),…
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