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Glynn County schools project $1.67 million shortfall in preliminary FY27 budget; district cites mandated cost increases
Summary
At its April 14 meeting, Glynn County school staff presented a preliminary FY27 budget showing a $1,671,100 projected shortfall driven by mandated pension and health cost increases, plus new positions and step raises; staff said the gap will be covered with the district's fund balance while estimates are refined ahead of May and June consideration.
Ms. Cody presented the Glynn County School District’s preliminary fiscal year 2027 budget at the board’s April 14 work session, saying projected expenditures exceed revenues by $1,671,100 and that staff will refine assumptions before the May presentation and the June final adoption.
Cody told the board the district used a conservative 5% estimate for growth in the property tax digest and assumed a 97% collection rate at the current millage of 14.90. Based on those assumptions, staff projected a local tax increase of $5,166,100 and total projected revenues of $201,030,500.
On the expenditure side, Cody said three mandated increases are the largest drivers: the Teachers Retirement System contribution rate rising from 21.91% to…
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