Leander ISD trustees weigh raising budget parameter and a November tax vote to close projected shortfalls At a budget workshop, Leander ISD staff outlined a roughly $12.2 million 2025–26 deficit projection, proposed a 3% budget parameter (creating about $6.8M capacity) or alternative payroll budgeting to bridge gaps, and described a possible November 2026 voter‑approval tax election that could net the district about $6.5M after recapture.

Leander ISD faces a staggering $12.2 million deficit and is considering tough budget choices, including a potential tax rate election to bridge the gap.

Learn more here!

#TX #BudgetingStrategy #CitizenPortal #TaxElection #LeanderTexas #EducationFinance

Benefits consultant tells Keystone Central SD finance committee cooperative model limits stop-loss risk; recommends spousal exclusion and copay changes Benecon presenter Kathy outlined a cooperative self-funded health plan for Keystone Central School District, explained the cooperative's layered stop-loss and cross-share protections and identified $100,000 per-person stop-loss as Keystone's current threshold; she recommended reviewing copays and spousal enrollment to reduce costs.

Benecon's Kathy revealed how a cooperative health plan could shield Keystone Central School District from crippling medical costs, emphasizing that 95% of premiums go directly to claims.

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#PA #CitizenPortal #PennsylvaniaSchools #RiskManagement #EducationFinance

Sultan School District reports $1.8M shortfall this year, institutes spending freeze and approves plan to identify staff reductions District finance staff reported expenditures about $1.8 million over revenues, announced a spending freeze and plans to borrow from capital projects to manage cash flow; the board approved Resolution 25-06 authorizing development of a reduced-educational plan that could identify positions for reduction for 2026–27.

The Sultan School District faces a $1.8 million shortfall, leading to a spending freeze and tough decisions on potential staff reductions for the upcoming school year.

Learn more here!

#WA #CitizenPortal #StaffReduction #EducationFinance #BudgetTransparency

🚨Just 2 days to go

Our Budget Assumptions 2026 webinar is almost here - and this is your last call to register.

🗓 March 26th 2026, 1–2pm, online (Zoom)

Sign up: zoom.us/webinar/regi...

#SBS #SchoolFunding #EducationFinance #SchoolBusinessLeadership #MATLeadership #CFO #SBM #FinancialPlanning

Rep. Reyer moves survey of district health plans to study rising K–12 insurance costs Rep. Reyer told the committee House File 10 49 (as amended) directs the Legislative Budget Office to survey districts about employee health plans; teachers and paraeducators testified that rising premiums and benefit changes are driving staffing and affordability pressures and urged the committee to collect district-level data.

Rep. Reyer is tackling the critical issue of skyrocketing health insurance costs that are fueling staffing shortages in schools, pushing for a survey to shed light on the financial strain facing districts.

Learn more here!

#MN #HealthCareCosts #CitizenPortal #MinnesotaEducation #EducationFinance

Are you confident your school is receiving the funding it should?

A clear understanding of your funding streams is key to effective financial planning. Make sure you know what to expect, and when to expect it.

#SBS #FinanceFocus #SBM #EducationFinance #SchoolBusinessLeadership

🚨 Just one week to go until our Budget Assumptions 2026 webinar!

If you’re finalising your assumptions for 2026, this session will give you the insight and confidence to move forward.

🗓 March 26th, 1-2pm, Zoom

Register: zoom.us/webinar/regi...

#SBS #SchoolFunding #EducationFinance #CFO #SBM

We’re pleased to announce that Benedicte Yue will be joining us as a speaker at our Budget Assumptions 2026 webinar.

🗓 March 26th, 1-2pm, online (Zoom)

Register now to secure your place: zoom.us/webinar/regi...

#SBS #SchoolFunding #EducationFinance #MATLeadership #FinancialPlanning #Webinar

Reminder: The School Resource Management Self-Assessment Checklist (SRMSAC) must be submitted to the DfE today, 13 March 2026.

The DfE’s guidance for completing the SRMSAC is available here:
www.gov.uk/guidance/sch...

#SBS #SchoolBusinessLeadership #EducationFinance #SRMSAC #DfE

📢Upcoming Webinar: Virtual Finance Assistant - Taster Session

How can multi-academy trusts build more resilient and efficient finance functions?

📅Tuesday, 17 March, 10-11am, online (Zoom)

Register: zoom.us/webinar/regi...

#SBS #VirtualFinanceAssistant #EducationFinance #SchoolFinance #MATFinance

Actuaries recommend modest assumption tweaks for Omaha school retirement plan; keep 7% return, change smoothing method Actuaries for the Omaha School Employees Retirement System told the Nebraska Systems Committee they recommend retaining a 7% nominal investment return assumption, adopting a closed five‑year asset smoothing method, and a modest upward tweak to the general wage inflation assumption; they said those choices reduce reported assets by $32 million and raise the 2026 contribution rate by 0.41 percentage points.

Actuaries recommend key adjustments to the Omaha School Employees Retirement System, warning that changes could impact funding and contributions by millions!

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#NE #CitizenPortal #RetirementSecurity #OmahaSchools #EducationFinance #PublicFunding

Presenters tell Senate committee staff mental health and working conditions are central to teacher retention Northeast Service Cooperative and Bridal Network told the Education Finance Committee that staff mental health, workload, leadership support and teacher voice drive retention; presenters cited a 1,700-respondent NESC survey and estimated turnover costs near $192 million in 2024–25 for Minnesota.

Minnesota educators are sounding the alarm: poor working conditions and mental health support are driving teachers away, costing the state nearly $192 million annually.

Learn more here

#MN #CitizenPortal #MinnesotaEducation #EducationFinance #TeacherRetention #StaffMentalHealth

Auditor gives Burlington schools an unqualified opinion; general fund balance falls as ESSER winds down The district’s 2025 audit delivered an unqualified opinion but showed a roughly 50% drop in the general fund balance to about $4.8 million as federal ESSER funds ended and certified enrollment declined; the board accepted and filed the audit.

Burlington Community School District's financial audit reveals a concerning 50% drop in the general fund balance amid declining enrollment and the end of federal ESSER funds.

Get the details!

#IA #EnrollmentTrends #CitizenPortal #FederalFunding #IowaSchools #EducationFinance

We’re delighted to announce that Susan Fielden will be joining us as a featured speaker at our Budget Assumptions 2026 webinar.

This is a conversation you won’t want to miss.

🗓 March 26th 2026, 1-2pm, Zoom

Sign up: zoom.us/webinar/regi...

#SBS #EducationFinance #MATLeadership #FinancialPlanning

Trotwood-Madison board hears fiscal alert and describes staff reductions; treasurer reports $1.28M deficit The Trotwood-Madison City School District presented financial statements showing an adjusted cash balance of $22.15 million and a current-year deficit of about $1.28 million; the superintendent outlined recent reductions in force and supports for affected staff.

The Trotwood-Madison City School District is grappling with a $1.28 million deficit and tough staff cuts, raising critical questions about its financial future.

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#OH #CitizenPortal #TrotwoodMadisonSchools #CommunitySupport #StaffReduction #EducationFinance

School officials tell Hampden board health‑insurance spike and transportation changes tightened the budget Regional school officials presented revised FY27 numbers showing a modest improvement from same‑day updates but warned that health‑insurance costs and unsettled labor negotiations keep assessments higher; the board asked for legal review of proposed regional‑agreement language and agreed to place a placeholder warrant item while towns consider changes.

Hampden school officials reveal a $200,000 budget boost amidst rising health-insurance costs and urgent contract negotiations, sparking discussions on potential changes to regional agreements.

Read the full story!

#MA #HealthInsurance #CitizenPortal #RegionalAgreement #EducationFinance

We’re at MATPN North today and tomorrow 🙌

The SBS Sales Team is bringing professional insight and having plenty of great conversations with School and MAT Leaders.

We’re here all day and would love to connect with you!

#MATPN #MATPNNorth #EducationFinance #MATLeaders

We’re pleased to announce David Bond as a speaker at our upcoming Virtual Finance Assistant taster session.

Virtual Finance Assistant: Taster Session
📅 17 March 2026, 10 -11AM, online (Zoom)

🔗 Register here: zoom.us/webinar/regi...

#AcademyTrust #EducationFinance #CFO #SchoolBusinessManagement

Hopkins board approves first reading of updated purchasing policy, asks for explicit 'responsible bidder' language and review of board threshold The board approved a first reading of a revised purchasing policy that clarifies procurement card use and compliance; board members asked the monitoring committee to add language defining what constitutes the 'lowest responsible bidder' and to propose a dollar threshold (discussion suggested $100,000) for required board review/notification of contracts.

The Hopkins School Board is shaking up its purchasing policy to ensure transparency and accountability by redefining what it means to be the "lowest responsible bidder."

Learn more here

#MN #AccountabilityInGovernance #CitizenPortal #ProcurementPolicies #MinnesotaSchools #EducationFinance

CFISD budget update: deficit narrowed to ~$33.7M; board approves refunding bonds CFO Karen Smith told the Cypress‑Fairbanks ISD Board that one‑time audits and interest income reduced the district's projected 2025–26 deficit from $45.5M to about $33.7M; the board also authorized issuance of unlimited tax refunding bonds, Series 2026A.

Cypress-Fairbanks ISD has successfully reduced its projected budget deficit from $45.5 million to approximately $33.7 million, thanks to strategic financial adjustments and unexpected revenue gains.

Learn more here!

#TX #CitizenPortal #TexasSchools #EducationFinance #CommunityOutreach

Committee advances overhaul of Utah Fits All scholarship with new guardrails The Senate Education Committee recommended House Bill 467 (fourth substitute) favorably after sponsors removed accreditation requirements for private schools, added eligibility checks for private providers, strengthened customer-service and reimbursement rules for the program manager, and required annual legislative audits of the Utah Fits All Scholarship program.

The Senate Education Committee has just advanced a major overhaul of the Utah Fits All Scholarship program, promising tighter eligibility checks and improved accountability for private schools!

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#UT #CitizenPortal #ScholarshipAccess #EducationFinance #AccountabilityReform

Budget Assumptions 2026: What Are You Planning?

If you’re planning for 2026, this session will help you stress-test assumptions and plan with confidence.

📅26th March, 1-2PM, online (Zoom)

Register now to secure your place: zoom.us/webinar/regi...

#SBS #SchoolFunding #EducationFinance #CFO #SBM

One Week to Go

We’re delighted to be joined by Michelle Williams, CFO at Shaw Education Trust, who will share how her trust is responding to financial pressures.

📅 Tuesday 10 March, 2–3pm, online (Zoom)

Sign up: zoom.us/webinar/regi...

#SBS #Webinar #MATFinance #EducationFinance

Forsyth County schools financial report shows lower month-end cash, improved collections Finance presenter Larry Hamill told the board the district started January 2026 with roughly $318–$319 million and ended the month at about $301.3 million, noted year-to-date expenditures of about $457.5 million (59.82%), and said several tax and transfer revenues came in stronger than prior months.

Forsyth County schools report a dip in cash balances but a promising surge in tax collections—what does this mean for the district's financial future?

Click to read more!

#GA #CitizenPortal #CommunityInvestment #GeorgiaSchools #EducationFinance #BudgetTransparency

💡 Scenario-plan pupil number changes annually.

Modelling best, worst and most likely case scenarios helps trusts anticipate funding fluctuations, plan staffing structures, and respond proactively to financial pressure.

#SBS #FinanceFocus #SchoolFinance #EducationFinance #CFO #TrustFinance #MATs

🔎 How do you move beyond a basic tick-box approach to internal scrutiny and create meaningful financial oversight?

👉 Read the full article: www.schoolbusinessservices.co.uk/news/Hammers...

#SBS #InternalScrutiny #SchoolBusinessLeadership #AcademyTrusts #EducationFinance

Mid State reports strong midyear finances; board flags forecast risk Board members heard that Mid State’s revenues are pacing ahead of expectations through January 2026 ($35.2M YTD, 60.6% of budget) with expenditures lagging; the finance committee said reserves remain strong but noted concern about future financial forecasts to be addressed during budget work.

Mid State Technical College is thriving with revenues at $35.2 million, but concerns loom over future financial forecasts.

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#WisconsinRapidsWoodCounty #WI #FinancialStability #CitizenPortal #EducationFinance #BudgetForecasting

Just one week to go until MATPN North 🎉

We’ll be sharing practical insights on navigating budget pressures and tackling deficit challenges head on.

Come and say hello, we’d love to connect.

#SBS #MATPN #EducationFinance #MATLeaders #SchoolBusinessLeadership

Lebanon City Schools warns property tax reform could cut $13 million from forecast; board told to plan for new revenue by 2028 District finance staff told the board that Ohio property tax reform and reappraisals could reduce projected revenues by about $13 million over four years, pushing reserves below safe levels by 2029 and requiring the district to seek new revenue (levy or other) by fiscal 2028.

Lebanon City Schools faces a staggering $13 million revenue shortfall due to property tax reforms, risking severe cuts to services and staff by 2029.

Get the details!

#OH #CitizenPortal #EducationFinance #PropertyTaxReform #CommunityOutreach

Board OKs 90‑day notice to pursue up to $175 million in general obligation bonds Trustees approved a resolution of intent to begin the 90‑day public notice period under NRS 350 to issue up to $175 million in general obligation bonds; Debt Management Commission approval was reported and the board voted unanimously to proceed.

The Washoe County School District is set to explore a groundbreaking $175 million bond issuance to enhance educational resources, starting a crucial 90-day public notice period!

Learn more here

#NV #CitizenPortal #NevadaSchools #EducationFinance #PublicFunding