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Franklin Area School District reviews $42.6M budget, proposes 5% millage increase to cover shortfall
Summary
District business manager presented a 2026–27 general fund proposal showing $42,562,045 in expenditures against $41,121,188 in revenues, a projected $1.4M deficit and a plan to use $1,440,857 of fund balance alongside a proposed 5.0% millage increase to 19.1067 mills.
The Franklin Area School District board on June 15 heard a budget presentation outlining a projected $1.4 million shortfall for 2026–27 and a recommendation to balance the budget in part by raising the real estate millage to 19.1067 mills.
Ms. Eaton, who gave the budget overview, said the district now projects expenditures of $42,562,045 and anticipated revenues of $41,121,188. "I'm predicting final expenditures to be 42,562,045 dollars. And then on the revenue side, 41 million 121,188," she said, noting recent increases in insurance and personnel costs that raised expenditures by about $136,000 while revenues increased by roughly $14,000.
The draft plan calls for using $1,440,857 from the district's fund balance to close the gap and includes a proposed 5.0% increase in the millage rate (from 18.1969 mills to 19.1067 mills). Ms. Eaton also said the district started the year with a $9.9 million fund balance and now expects a $594,000 loss for the 2025–26 year.
Board members asked procedural and technical questions about next steps. One member requested a vote on the budget the following week; another pointed out a formatting error in the resolution language that mistakenly used a percent sign where a mills change was intended. Ms. Eaton acknowledged the typo and clarified the arithmetic behind the millage.
The presentation included procurement timing for kitchen equipment and cafeteria tables; Ms. Eaton said kitchen bids were due June 19 and that the cafeteria fund — separate from the general fund — would cover its equipment purchases.
No final board vote on adopting the budget or setting the millage was recorded in the meeting transcript; the items were presented for approval and further action was indicated on the agenda.
The board adjourned to an executive session at 7:49 p.m. with no recorded final votes on the proposed budget or millage in the public portion of the meeting.
