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Board adopts 45‑day budget revision reflecting new state block grants and increased expenditures
Summary
Director of Fiscal Services Michelle Coffin presented the 2025–26 45‑day revised budget showing net revenue increases from new state block grants (estimated $742,523 learning recovery payment and ~$2.6M discretionary student support grant) offset by higher salary and benefit costs, and the board approved the revision.
Michelle Coffin, the district's director of fiscal services, presented the 45‑day revised budget for 2025–26 and reviewed changes since the adopted budget in June. She reported state budget actions, lottery rate projections, and newly available one‑time block grants.
"We're estimating funding of $742,523 to be received in the current budget year" for the Learning Recovery Emergency Block Grant, Coffin said, and noted an estimated $2,600,000 from the Student Support & Professional Development discretionary block grant that will be available through 06/30/2029. Coffin also explained that combined salary and benefit increases associated with settled bargaining agreements raised expenditures by $842,938 and that overall expenditures increased about $4,186,135 while revenues increased about $3,343,458 (figures presented on the slide deck).
Coffin said the net result is a preliminary decrease in fund balance of about $959,062 after adjusting reserves. The board discussed the new local student needs assessment required to inform use of the learning-recovery funds and approved the 45‑day revision by roll call.
