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Finance Committee reviews conservative 2026–27 placeholder budget requiring about $600,000 in referendum funds
Summary
The Finance Committee reviewed a conservative 2026–27 placeholder budget that currently requires approximately $600,000 in referendum funds to balance; administration expects figures to change before final adoption in October as revenue assumptions are updated.
The Finance Committee of the Board of Trustees of the Mineral Point Unified School District on June 1 reviewed a preliminary 2026–27 budget framed as an intentionally conservative, "worst-case scenario" placeholder to be presented to the full Board prior to the fiscal year start. Administration said the draft budget currently requires approximately $600,000 in referendum funds to balance, and that additional revenue information expected before October could reduce that figure.
The committee was told key potential revenues—Medicaid reimbursements, Title I and other flow-through grants, and possible increases in special education reimbursement—are not included in the current draft. "The budget currently requires approximately $600,000 in referendum funds to balance," the administration said. Committee members asked for follow-up information and analyses to clarify how updated revenue estimates would change the referendum draw and the timeline for any adjustments.
