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Board told $1.9M state-aid cut drove a roughly $9M budget gap; formal budget presentation delayed
Summary
Finance chair reported an unexpected $1.9 million reduction in state aid and sharp increases in fixed costs, producing an estimated $9 million budget gap; the district delayed formal budget introduction to refine cuts and seek efficiencies.
Finance and facilities committee chair Mr. McCord warned the board that the district faces a major fiscal shortfall for the 2026–27 school year after state aid figures showed an approximate $1.9 million reduction.
"As we prepare for the 2026–2027 school year, we are facing a significant financial gap," McCord said. "Our state aid is being reduced by nearly $1.9 million. At the same time, we are seeing sharp increases in our fixed costs, about three and a half…
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