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Board reviews 2026–27 budget resolution language and early bond planning; public hearing scheduled
Summary
Board members reviewed proposed language to Resolution No. 7562 (2026–27 budget) that would codify phased fund‑balance restoration and received an updated facilities packet with project cost ranges; staff will work with Piper Sandler to model tax impacts and hold a community forum in early October.
Board members discussed amendments to Resolution No. 7562, which frames the district’s 2026–27 budget and includes language asking the superintendent to phase restoration of fund balances by specified percentages over coming fiscal years. MISD Communications read proposed 'further resolved' language intended to mirror recently adopted policy and to make the phase‑in percentages explicit.
In the facilities section staff summarized an updated priority list and cost estimates intended to guide future bond planning. Noted projects and placeholders included partial HVAC replacements and fire alarm work at the high school, a $5 million placeholder for ADA intersection and ramp improvements, an approximate $6.2 million estimate for an administration‑building elevator and parking‑lot modifications, and an $8–10 million estimate range for hydronic piping and mechanical upgrades; staff also said they had rounded certain totals to $35 million and included a $2 million contingency and a $2 million placeholder for safety and security work.
Staff said these figures are preliminary and that over the summer they will work with Piper Sandler to develop a tax‑impact model and more detailed estimates; the district has tentatively scheduled a community forum for the last week of September/first week of October to present options. The board emphasized that the packet is for planning — the district is not pursuing a bond at this moment — and that further public hearings and hearings required by statute will precede any ballot measure.
Why it matters: The facilities items described (HVAC, ADA, mechanical systems, fire alarm, security work) are capital projects that would likely be funded through long‑term borrowing; early public engagement and accurate tax impact modeling are necessary before placing any measure on a ballot.
What’s next: Staff will return with refined cost estimates and tax‑impact scenarios after work with Piper Sandler; a public hearing on the budget is scheduled for June 25 and a community forum on potential bond timing is planned for late September/early October.
