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Geneseo board hears draft 2026–27 budget showing roughly $1.0M gap; staff outline cuts and reserve use
Summary
District staff presented a $27 million draft budget, reported a remaining gap of about $1.0 million after reductions, proposed using $700,000 from fund balance and $200,000 from retirement reserves, and flagged rising special‑education and healthcare costs driving expenditure growth.
Administration presented a draft 2026–27 budget that lists total revenues and expenditures around $27,000,000 and described priorities to maximize state aid and enhance student programs. The presenters said expenditures are growing faster than revenues and highlighted specific cost drivers and reductions that have been identified.
"As of March 16, these were our numbers... and since that time... our gap was 1 0.1 or $1,200,000 and so we have whittled away," staff reported; later they said, "That brings our gap to right around $1,000,000." Presenters listed $477,000 in targeted reductions (transportation efficiencies, pausing a re‑keying project, moving an instructional coach salary to a grant, technology repair changes) and proposed using $700,000 from fund balance plus $200,000 from the retirement contribution reserve to reduce the remaining shortfall to about $139,492.
Board members and finance committee representatives discussed reserve limitations and the impact of using fund balance on fiscal stress ratings. Administration emphasized constrained revenue growth—"revenue is only growing at 1.9%"—while noting expenditures were up 5.72%, driven by health‑care increases, ERS contribution rate changes, fuel and utility price rises, and special‑education placement costs. Staff said they will present a final budget for adoption on April 20 and hold a public hearing on May 12.
