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District warns of roughly $600,000 planning shortfall ahead of May Revision
Summary
Business staff told the board that preliminary planning shows about $600,000 in deficit spending for 2025–26 and that the state May Revision (expected May 15) and StayWell rate negotiations could materially affect final figures.
District finance staff told the board that the May Revision — scheduled to be released May 15 — will provide key guidance for the district budget. Jamie, the district’s business lead, said the district is currently projecting approximately $600,000 in deficit spending and therefore plans to budget conservatively at the higher projected rates while awaiting final state action.
Jamie also described uncertainty about the StayWell (employee benefits/insurance) rate discussions and noted that proposed actuarial rates were near $1,600 in the working group; the district said it will plan for higher rates and hope for any later savings if the May Revision or group negotiations lower the cost. "Some of the data points that are coming in right now are showing that the cola has been revised to 2.30%," Jamie said, noting the district will finalize its budget after the May Revision.
