Stillwater board adopts $59.8 million FY2627 budget amid enrollment and state‑aid uncertainty

The Stillwater Public Schools Board of Education unanimously adopted the district’s FY2627 budget after a public hearing and presentation by the district finance staff.

The approved general fund shows total revenues of $59.8 million and planned expenditures of $59.3 million, leaving a projected fund balance the district estimates at about $7.7 million pending final audit. The budget assumes a roughly 5% increase in local ad valorem revenue and estimates state foundation/salary‑incentive aid near $17.5 million, a figure that reflects an estimated $1.1 million reduction related to declining enrollment but includes an offset for state‑funded teacher raises if the governor signs them.

The board heard that interest‑earning projections were set conservatively and that gross production tax receipts were budgeted slightly lower than the current year. The CFO said the presentation was conservative by design and that the district plans a first revised budget in August or September based on updated valuations and state aid notifications.

Board members discussed the enrollment decline and its effect on state aid prospects and asked staff to return with updated figures as soon as the state provides final allocations. After brief discussion, a member moved to approve the budget as presented; the motion passed on a roll‑call vote with Washington, Dylan, Wilson, Douglas and Baker recorded as yes.

The approval allows district staff to proceed with summer procurements and requisitions under the new fiscal plan; the board will review any necessary revisions once state aid or valuation updates are finalized.