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Big Spring SD projects $65.9 million budget for 2026–27 and a roughly $1 million shortfall without a tax increase
Summary
District finance staff presented a first look at the 2026–27 proposed budget with projected revenues of $65.9 million and a $1.0–1.5 million deficit if no millage increase is adopted; the administration detailed revenue sources, expense drivers and a timeline for board action.
Finance staff gave the board its first comprehensive overview of the proposed 2026–27 budget, projecting total revenues of about $65.9 million and calling out a preliminary deficit of roughly $1.0–$1.5 million if the district does not adopt a tax increase.
"We are projecting local revenues at 3,900,000," the presenter said, then outlined the larger figures: projected local revenues of about $30.9 million, state revenues near $25 million and federal/other revenues just under $1 million. The presenter stressed the proposed figures do not include any millage-rate increase and noted a $596,000 debt-service subsidy discovered in recent audit work that has been included in the 26–27 numbers.
The presentation walked the board through object-code expense detail, showing salaries and benefits totaling roughly $23.4 million and projecting an increase of about $607,000 year over year. Non-personnel changes included higher utility and energy estimates and large technology purchases (elementary Chromebooks, middle-school desktops and STEM laptops) that together account for most of the projected increases in object-code 700.
The administration laid out a near-term schedule for budget review: a finance committee update April 20, a proposed-final budget for the board to consider May 4, further finance committee sessions May 18 and June 8, and final budget adoption and tax-rate setting on June 8 (the board must allow at least 30 days between proposed and final adoption).
