Wellesley Public Schools: Fiscal Year 2026 Budget
General Fund (Town in Support of Schools) (Level 2): Revenue Assumptions: Cash Capital: o Revenue will support projected need.
Town of Wellesley (Schedule 19):
o Operations and maintenance will increase by 2.00% annually. o Benefits and fixed costs will increase by 7.00% annually. o Debt service will decrease by 1.50% annually (expected debt pay down).
Expense Assumptions: Cash Capital:
o Based on a five-year cash capital plan (Financial Section: Cash Capital).
Town of Wellesley (Schedule 19):
o Revenue mirrors the expected expenses.
Key Takeaways: The Town of Wellesley expenses are those carried out by other Town Departments to support the schools. These expenses are detailed in the Financial Section: Town of Wellesley. Currently, there are no discussions about a reduction in town services to the schools; and therefore, revenue estimates equal projected expenses. If revenue is not sufficient to cover the school’s cash capital needs in the future, the district may use other funding sources and/or delay technology replacements.
Grant Funds (Level 2): Revenue Assumptions: METCO state grant will be level funded at the FY’25 funding level.
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