Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Preliminary 2026–27 budget shows roughly $3.5 million gap; tax cap and state aid uncertain
Summary
Mrs. May presented a preliminary rollover budget showing an estimated $3.5 million budget gap assuming a 0% tax levy increase; she highlighted that state aid projections are preliminary, building aid is falling off (≈$900,000 reduction) and final tax cap figures await January/February state data.
Mrs. May told the Board that the district's preliminary budget for 2026–27 is highly estimated at this stage and that key state factors are still pending. She said state aid is currently estimated to decrease by about $900,000—largely due to falling building aid that was inflated this year by deferred revenue—and that the tax cap calculation will depend on the consumer price index (CPI) number released at the end of January. "At this point, everything is very highly estimated," she said.
Using current assumptions, Mrs. May presented a worst‑case scenario that showed about a $3,500,000 budget gap with a 0% tax levy increase; contractual rollovers for wages were estimated at roughly $1,260,000 and benefits increases tied to wages were highlighted. Board members asked for clarification about the tax cap's mechanics and 'save harmless' provisions; the superintendent and business staff said a more detailed tax cap calculation will be possible at the February meeting after state runs and the governor's executive proposal are released.
