FY26: 2025-26 School Budget Update
FY26: 2025-26 School Budget Update Ahead of the North Reading School Committee’s public hearing on April 7, 2025 on the Fiscal Year 2026 budget I would like to share some very important updates on the budget for the upcoming school year. At this point in time we are presenting a level service budget with level staffing which represents the same services for students as in the current school year, with no restorations from the cuts from the previous year. In addition, we have a budget gap of $1,476,023 that needs to be reconciled. What are the budget drivers for the school budget for the school year 2025-26 and beyond? Like all school districts, the majority of our budget is comprised of contractual salary obligations, which make up 81.9% of our total budget. This includes steps, lane movements, and longevity increases for eligible staff in the North Reading Public Schools and factors in savings through turnover based on historical trends. Another major driver is the cost of Special Ed...
Comments
Post a Comment