District uses $651,949 in E&D and increases FY26 budget to correct prior shortfall

What happened

After using $651,949 of certified FY25 Excess and Deficiency to eliminate the FY25 General Fund shortfall, the Committee approved an equal FY26 budget increase required by DESE.

Why it matters to families

The action resolves a material prior-year deficit and implements the state-directed accounting correction while leaving $216,572 of certified FY25 E&D.

The evidence

June 17 approved minutes recap the certified balance and earlier E&D vote, explain DESE's corrective direction, and record the unanimous $651,949 budget increase.

The source