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District presents $31.76 million proposal, cites State School Fund and $2.7M carryover
Summary
Superintendent and fiscal director presented a $31,758,823 proposed budget, noting revenue assumptions including an $11.36 billion biennial State School Fund allocation, a projected $2.7 million carryover, and expenditure assumptions including an 8% insurance increase and a 6% COLA.
Superintendent Helena Chirinian and Director of Fiscal Services Dede Corpening presented the proposed 2026-2027 budget, describing revenue and expenditure assumptions that underpin the $31,758,823 proposal. Presenters said the district's revenue outlook reflects an $11.36 billion K-12 State School Fund allocation for the biennium (49/51 split), the district's second year of the biennium, funding based on 2025-2026 ADMw because of continued enrollment decline, and approximately 4% dividends from the Local Government Investment Pool.
The presentation also highlighted expenditure assumptions: insurance expenses projected to rise by about 8 percent and a 6 percent cost-of-living adjustment for all employee groups per negotiations. Presenters noted a projected current-year carryover of approximately $2.7 million and that federal and state grant funds are expected to be spent out by June 30 with no carryover into the next fiscal year; the district said it is still waiting to hear whether it will receive a seismic grant.
