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Lancaster board hears first interim budget showing $295.35M in revenue and $42M projected 2025–26 deficit
Summary
At its regular meeting the Lancaster School Board received the district's first interim budget showing $295.35 million in projected revenues and $337.39 million in budgeted expenditures for 2025–26, producing a budgeted deficit the district says is driven by liquidation of prior one-time funding.
The Lancaster School Board on Monday received the district's first interim budget report for fiscal year 2025'1, presented by the executive director of fiscal services, Maria.
Maria told trustees the district expects total revenues of about $295.35 million for 2025' 26 and budgeted expenditures of about $337.39 million, producing a planned deficit of roughly $42.05 million. She said the shortfall reflects the planned liquidation of prior one-time funds, including multi-year federal and state grants the district used during pandemic recovery.
"I'm here to present the first interim report for the 2025'26 fiscal year," Maria said, outlining the…
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