Board of Education FY2026 Deficit Resolution

At a glance

  • What: closing the Board of Education's FY26 gap of $34.3 million ($29.8 million deficit plus $4.5 million of assigned fund balance).
  • Where it stands: recommended favorably October 7, with reluctance.

Sources

Log

  • 2026-10-07 - OMBGA Committee - Resources: a $5 million state grant, $741,000 committed fund balance, an $11.5 million one-time state grant, assigned fund balance and about $10 million in unexpended city balances. Gale raised concerns about drawing down fund balance, and the Council President urged lobbying the state.