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Board hears draft FY26 budget presentation, staff warns local effort now outpaces state support
Summary
District finance staff presented a draft FY26 budget showing a modest revenue uptick and warned that local tax effort now exceeds state SEEK funding; staff recommended continued monitoring of enrollment and final SEEK numbers.
District finance staff reviewed the draft fiscal 2026 budget and walked the board through revenue and cost drivers, contingency targets, and state SEEK per-pupil history.
The presenter said they had increased projected revenue by about $350,000 for the draft budget and emphasized the district is still awaiting final SEEK and enrollment figures. The presentation traced SEEK funding per pupil from 2016 through projected FY26 and showed the per-pupil SEEK amount increasing to $4,586 in the FY26 projection. The presenter told the board that “the bottom line is we're putting in more as a local District than the state is sending us,” noting that growth in local property assessments has increased local effort relative to state contribution.
Board members discussed contingency fund levels (the presenter said contingency rose to about 8% at the end of FY24, with a goal to remain in a 5–10% range) and the budget implications of potential state-level tax changes. The board approved the draft presentation for record and follow-up; staff were directed to return with finalized figures when SEEK and enrollment numbers are confirmed.
