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Kasson-Mantorville board approves FY26 revised and FY27 proposed budgets; finance chief warns of multi-year shortfalls
Summary
The Kasson-Mantorville board approved the FY26 revised and FY27 proposed budgets after business manager Bob outlined an expected enrollment decline of 35–40 students, the first full year cost of Minnesota paid leave (~$80,000), and a projected multi-year deficit that could reach $700,000–$800,000 in three to five years without new revenue.
The Kasson-Mantorville School District board voted to approve the FY26 revised and FY27 proposed budgets after a presentation by the district finance lead, Bob. He told trustees that projected enrollment will likely decline by about 35–40 students next year, a trend the district expects to continue for several years without demographic changes.
Bob said the state increased the general formula by roughly $23 per student to reflect inflation. He also called out the first full year of the Minnesota paid leave program as an added expense, estimating total premiums of about $80,000 for the coming fiscal year if budgeted wages are fully spent.
On longer-term fiscal exposure, Bob estimated the district could face a roughly $200,000–$250,000 shortfall within a couple of years and projected that, if current trends persist and without new local revenue, a multi-year shortfall could grow into the $700,000–$800,000 range within three to five years. He noted the district is already using staffing adjustments — including reductions in teaching and technology positions — to right-size expenditures to enrollment.
Board members discussed those projections and how a locally approved operating levy would affect long-term stability; the board then approved the budgets by voice vote. The board also discussed near-term actions (work sessions and outreach) around the survey presentation and potential levy question.
