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WJCC board reviews FY26 year‑end projection, healthcare costs and proposed FY27 budget including retention bonuses
Summary
At its May 5 meeting, the Williamsburg‑James City County School Board reviewed an April snapshot showing a projected $2M year‑end surplus, heard administration proposals to keep year‑end funds in a healthcare reserve and discussed a proposed retention bonus plan and FY27 compensation adjustments amid rising health costs.
The Williamsburg‑James City County School Board on May 5 reviewed its fiscal‑year 2026 year‑end projection and early proposals for the FY27 operating budget, including a proposed employee retention bonus and multiple salary and stipend adjustments.
Finance staff reported projected FY26 revenue of about $190.7 million and projected expenditures of roughly $188.7 million, leaving an estimated $2 million (about 1.1% of the total budget) expected at June 30. Administration said any remaining balance would be earmarked for the division's healthcare reserve to help stabilize costs after the division transitioned to a self‑insured plan this year.
"We are projecting approximately $2 million remaining at June 30," the finance presenter said, noting that the…
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