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CFO outlines 2025–26 budget outlook; cites inflationary cost pressures
Summary
Chief Financial Officer Mike White briefed the board on the 2025–26 budget outlook, citing a state biennial revenue estimate of $194.6 billion and telling trustees that costs have risen more than 20% since 2019; certified 2025 property values are expected by July 25, 2025.
Chief Financial Officer Mike White presented the district's preliminary 2025–26 budget outlook, emphasizing how statewide revenue and local property valuations will affect planning. White cited the state's biennial revenue estimate of $194.6 billion (a 3.3% increase from the prior session) and told trustees that inflationary pressures have raised costs "over 20% since 2019," while base funding levels have not kept pace.
White also reviewed legislative items that may affect local funding—property tax relief proposals, teacher salary adjustments and school choice funding mechanics—and advised trustees that certified property tax values for 2025 are expected by July 25, following the appeals process triggered when 2024 values were released Jan. 31.
Why it matters: The board will use these revenue and valuation signals to shape the 2025–26 General Fund budget and staffing/salary decisions. Trustees had the opportunity to ask clarifying questions; no formal budget action was taken at this meeting.
