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District releases preliminary FY27 budget guidelines, assumes conservative tax collections
Summary
Administration presented preliminary 2026‑27 budget guidelines recommending a conservative 96% property tax collection estimate, staffing and benefit assumptions, and a target annual operating fund surplus of at least $500,000 to rebuild fund balances.
Assistant Superintendent for Finance and Operations Amy McPartlin presented the district's preliminary guidelines and assumptions for the FY26‑27 budget. The packet explained that the district will budget operating revenues conservatively—assuming 96% property tax collections to allow for potential county processing delays and refunds—and is targeting a minimum annual operating fund surplus of $500,000 to rebuild fund balances.
McPartlin said the district continues to monitor Evidence‑Based Funding (EBF) changes and Federal and State grant reimbursement timing; the board packet noted an Equalized Assessed Valuation (EAV) of $690,660,988 for 2024 and a December 2025 CPI of 2.7% as context for property‑tax limited growth under the Property Tax Extension Limitation Law (PTELL). Salary increases already negotiated for PHEA and SEIU employees (2.75%) were stated and the administration indicated Non‑PHEA increases would follow Board‑approved parameters. The packet also outlined projected health insurance and other benefit increases and noted planned capital projects funded by Spring 2025 debt certificates.
Board members received the guidelines as the basis for preparing the 2026‑27 budget; administration will return with the formal proposed budget and updates as revenues and grant allocations are finalized.
