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Board approves 2026-27 budget and outlines supplemental-levy plan to cover a near-term shortfall
Summary
Trustees approved the 2026-27 budget after administrators outlined a multi-year plan that relies on a supplemental levy to cover a projected $1.015 million pre-levy shortfall and to replenish reserves drawn to bridge the gap.
The Teton School District board approved the 2026-27 operating budget on June 11 after a detailed presentation that outlined a projected shortfall before supplemental-levy revenue begins.
Administration told trustees the district's revenue outlook reflects leveling enrollment and a range of external variables (attendance, WY student counts, investment returns). "Our revenue is going to be down by 2.4%, which is approximately $500,000," the business lead told the board while reviewing year-end projections and the proposed budget.
District finance staff and the superintendent described a multi-year strategy that centers on asking voters for a supplemental levy in November 2026 to fund a gap that otherwise would leave the district covering roughly $1.015 million before levy proceeds begin. Administration said the district has $5.8 million in reserves and proposed drawing from reserves to bridge the one-year gap and rebuild them once supplemental-levy revenue arrives.
"Based on that one 1.015 015 million, our reserves of 5.8 million would drop to 4.7," a district administrator explained during the presentation, laying out a plan to refill reserves over the following two years by setting the levy to cover the gap and restore reserves.
The board approved a set of annual cost reductions already identified by the admin team (attrition and non-personnel savings) and authorized the 2026-27 budget as presented. Trustees asked staff to continue community outreach explaining why the levy is proposed, how reserves would be used if needed, and the district's plan to restore fiscal stability if voters approve the measure.
Administration stressed contingency planning: if a supplemental levy fails in two election cycles the district would have to consider deeper cuts; if it passes, administration expects to refill reserves and maintain staffing levels while restoring service investments over the subsequent two years.
The board voted to adopt the 2026-27 budget after the presentation and discussion.
