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Petersburg schools present needs-based FY27 budget with $2.8M compensation ask and looming K–3 funding loss
Summary
The Petersburg City Public Schools superintendent presented a needs-based FY27 draft that requests a roughly $2.8M classification/compensation implementation, totals $3.2M in new initiatives, faces a net general fund decline of about $262,000, and must address a projected $2.2–$2.3M K–3 grant loss tied to a shortfall of certified K–3 teachers.
The Petersburg City Public Schools board convened a budget work session on March 11 to review the superintendent’s proposed FY27 needs-based budget, staff said. Dr. Greywood, presenting the second work session update, said the request is framed as a needs-based estimate required by the Code of Virginia and is intended to show “what it takes to operate the division responsibly in FY27.”
Staff told the board the proposed FY27 initiatives total about $3.2 million, and the largest single component is $2.8 million to implement an evergreen classification and compensation plan designed to ensure a minimum 3% increase for employees and to address structural pay inequalities. “The needs-based request includes a…
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