District news
Budget projects the general fund will go $486,000 into the red

What happened
The proposed 2026-27 general fund budget shows about $12.5 million in revenue and $13.7 million in spending. The fund balance is projected to fall from $2.85 million at the start of 2024-25 to minus $486,083 at the end of 2026-27. The board approved the budget 6-0 on Oct. 13.
Why it matters to families
A negative fund balance means the district would be spending money it does not have. It raises the odds of cuts, borrowing, or closing or combining schools.
The evidence
The 2026-27 annual meeting booklet's general fund table lists beginning balances of $2,853,818 (2024-25), $1,578,254 (2025-26) and $641,401 (2026-27) and a 2026-27 ending balance of ($486,083). The proposed tax levy is $9,676,041. Oct. 13 minutes record the 6-0 vote to approve the budget.
The source
2026-27 Annual Meeting PacketSee the full record for Palmyra-Eagle Area School District.
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