The Petersburg School District presented its draft budget for the 2026 fiscal year at Tuesday's school board meeting, April 15, revealing a major budget deficit and the strategic use of the fund balance to maintain educational services amid uncertain state funding.
PSD Finance Director Shannon Baird presented a draft budget projecting total revenue of $9,876,947 against expenditures of $11,426,685, creating a deficit of approximately $1.5 million. This shortfall would be covered by spending down the district's fund balance, which during the COVID years was allowed to be maintained at a higher...
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