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Parkland outlines $246 million revenue forecast for 2026–27 budget, cites reliance on local taxes
Summary
District finance staff told the board the 2026–27 revenue forecast has increased to about $246 million—roughly $923,000 higher than January projections—while warning that state funding and special-education reimbursements lag growing expenditures.
Leslie Frisbee, who delivered the budget workshop presentation, said the district had refined revenue assumptions and raised its revenue projection for the 2026–27 budget. “We have increased our revenue budget assumptions to an estimated $246,000,000 of budgeted revenues,” Frisbee told the board, describing the change as a roughly $923,000 increase compared with January.
Frisbee walked board members through the district’s revenue mix, saying about 70% of the district’s revenues are local, under 30% come from the state and less than 1% are federal. She cautioned that this structure leaves Parkland particularly exposed to local assessed-value trends and tax appeals. The presentation noted Parkland’s taxable assessed value had grown from about $8.2 billion in an earlier year to a projected $9.3 billion for 2026–27, generating roughly $20 million annually at the current millage rate.
Board members pressed for detail on specific line items. Frisbee said earned-income-tax receipts were increased by about $550,000 and delinquent real-estate collections were trending stronger, while activity and gate receipts assumptions were trimmed. She also described four district-initiated assessed-value appeals currently in negotiation and cautioned that settled appeals could affect revenue later in the year.
The presentation also highlighted a growing gap between instructional spending and state support—especially in special education. Frisbee said Parkland’s budgeted cost to educate a special-ed student is about $26,005.75 in 2026–27, while state reimbursement for special education has fallen to about $2,500 per student. “The formula exists,” Frisbee said of special-ed funding, “the problem is the state needs to commit those dollars.”
Next steps: the administration will return in March to focus on expenditures—particularly staffing—and bring more detailed recommendations at the April workshop and the May budget seminar ahead of the May proposed final budget display and June adoption vote.
