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Parkland budget update flags state and federal uncertainty; cyber‑charter reimbursement removed from governor's proposal
Summary
Financial staff told the board that local revenues now make up about 78% of the 2025–26 proposed budget, an initial shortfall from November has been reduced by anticipated tax-index revenue, and the governor's budget proposal eliminates an anticipated cyber‑charter reimbursement (~$400,000) and reduces basic-ed funding versus prior assumptions.
Mrs. Frisbie presented the district's revenue update for 2025–26 and walked trustees through the drivers shaping the preliminary budget. She said the district's November estimate showed an initial budgetary shortfall of "a little less than $12,400,000," which would be reduced to about $6,200,000 if the district uses its full 4% Act 1 index (projected additional tax revenue of about $6,100,000).
She reported that local revenues now account for about 78% of projected district revenues, up slightly from earlier estimates, while the state's share has dropped. "The most significant decrease we are anticipating from what we believed back in November to what we're anticipating today...is an overall reduction to our budgeted revenues of a little less than $1,900,000" tied to the governor's proposed budget, Mrs. Frisbie said. She added that the governor's proposal would fully eliminate the cyber‑charter tuition reimbursement the district had assumed (roughly $400,000), and that federal funding remains uncertain with contingency planning under way.
The presentation included historical context: Parkland's per‑student local funding has grown from about $14,900 in 2019–20 to around $17,400 in the 2025–26 projection, overall per‑student cost about $22,400, and basic education subsidy estimated near $15,800,000 for 2025–26. Staff recommended continuing to assume federal revenues are status quo for now while preparing contingency plans in case allocations change.
Provenance: budget-revenue presentation, SEG 765–SEG 1191.
