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Board receives proposed 2026–27 General Fund and capital budgets
Summary
Director of Finance Pano Arvanitis presented the proposed 2026–27 budgets for the General Fund and related funds, reviewing tax millage assumptions, revenue and expenditure projections, and anticipated staffing, retirement and capital improvement costs.
The New Buffalo Area Schools Board of Education on May 11, 2026 received a presentation on the proposed 2026–27 General Fund and related budgets from Director of Finance Pano Arvanitis. The presentation reviewed property-tax millage, revenue and expenditure assumptions, taxable valuation history and projected budgets for the General Fund, Food Service, Public Improvement Fund, Capital Improvement Fund, Debt Funds and Student Activity accounts.
Arvanitis highlighted anticipated staffing, insurance and retirement costs, as well as projected capital-improvement and operational expenses for the coming fiscal year. The board did not take a formal vote on the budget at the hearing; the record shows the board 'received' the presentation and will continue budget review as part of the district’s public process. The meeting record notes no public comments were offered during the hearing.
The presentation was given during the district's regular board meeting at the Performing Arts Center, 1112 E. Clay Street, beginning at 6:00 p.m. The board adjourned at 6:24 p.m.
