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Business official says district faces roughly $3 million budget gap for 2026–27
Summary
Mrs. May presented revenue projections for 2026–27, citing a roughly $944,000 drop in state building aid and an overall projected budget gap of around $3,000,000; she recommended the next session focus on expenditure-side reductions and decisions on levy and reserve use.
Mrs. May, the district business official, walked the board through the tax-cap calculation and revenue projections for the 2026–27 school budget, noting Eden’s cap calculation starts with the lesser of 2% or CPI and adds tax-base growth and allowable exclusions. She said the governor's proposal holds hold-harmless districts to a minimum 1% foundation-aid increase (about $95,000 for Eden) but that deferred building aid is dropping off, producing a projected $944,000 decrease in state aid.
After reviewing other revenue streams (PILOT payments from local solar sites, Erie County sales-tax shares, charges to students, and interest-income trends), Mrs. May said the district currently faces "about a $3,000,000 budget gap" before detailed expenditure review. She recommended the board convene a follow-up session focused on expenditure adjustments, fund-balance use, and how much of a levy increase (if any) to propose.
