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Preliminary budget shows $1.15M shortfall after proposed 4.8% index; board weighs fund-balance use and cuts
Summary
Finance officials presented the FY26–27 preliminary budget showing expenditures outpacing revenues; even with the board's proposed maximum 4.8% tax index increase (blended 4.32% across counties), the district faces roughly a $1.15 million shortfall and will need to weigh fund-balance use, cuts, or further tax changes.
District finance staff presented a preliminary FY26–27 budget showing expenditures above projected revenues and an estimated remaining budget shortfall of about $1.15 million after applying the board’s preliminarily approved Act 1 index increase (4.8%). Finance staff said the district had a fund balance of roughly $18.5 million at June 30, 2025, reduced by a $3 million transfer to capital reserve; staff project an ending fund balance near $14.3 million after the proposed budget adjustments and…
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