Angelica Anwar

The Finance Committee discussed the year-to-date financial report, focusing on revenue categories such as local real estate taxes, state subsidies, and federal revenues. The committee also addressed expenditure encumbrances, including construction costs, and reviewed financial reports for student services. Furthermore, the committee provided an update on the 26/27 budget, detailing the anticipated deficit, percentage increases, and the impact on local property tax reductions. The meeting concluded with a discussion on the pro forma operating budget estimates for the upcoming Bear Hill Elementary project and the associated staffing efficiencies.

This document provides the T/E School District's annual update and 2026-27 budget summary. It details the authorized spending, revenue sources, and expenditures for the upcoming school year, addressing a deficit through fund balance contributions and a property tax rate increase. The document highlights key accomplishments from the 2025-26 school year, including strong standardized test scores and national rankings, and outlines major budget cost drivers such as capital improvements (Bear Hill Elementary School, athletic fields, infrastructure), mandated retirement contributions, and increased special education services. A significant future initiative is the launch of district-wide full-day kindergarten in August 2027.

The meeting included the recognition of retirees, an update on the 2025-26 school year, and action items regarding the consent agenda. Key topics involved the approval of various personnel actions, financial reports, and contractual agreements for educational and support services. The Board also conducted priority discussions on the final 2026-2027 budget and tax bill exclusions. Additionally, policies were reviewed for first and second reading, and various committee reports were presented.

The Senior Awards Night recognized student achievements across several categories, including junior awards, Pioneer of the Month service awards, and President's Awards for Outstanding Academic Excellence. The event also included the presentation of the Ryan Kerr Compassionate Teacher Award to a faculty member and the recognition of various department scholars in business, technology, computer science, mathematics, English, and science.

The meeting included a review of financial reports, specifically noting an increase in local revenue and higher expenditures in instruction expenses. The committee discussed property tax installment payment scenarios, noting the need for future study. Development of the 2026-2027 budget was a major focus, with updates provided on the budget calendar, revenue projections, expenditures, and tax impacts associated with the Act 1 Index. The Office of Individualized Student Services provided financial updates regarding contracted nursing services, special education staffing, and tuition expenses.