Wellesley Public Schools: Fiscal Year 2026 Budget
Grant Continuation: the projection assumes most federal grants will continue with a reduction to revenue of 5% annually; IDEA Targeted Assistance, ESSER III, and Investigating History will end in FY’25. The budget assumes the Comprehensive School Health grant (state) will return to pre- COVID funding levels in FY’26 resulting in a loss of approximately $25K. Other Special Revenue Funds (Level 2): Revenue Assumptions: Child lab fees will continue to increase by $150 per year. College Board testing fees will increase by 2.50% annually due to expected high demand. Pre-school revenue will remain flat based on nine (9) classrooms. Special education in-district programs will continue to tuition students from neighboring communities at a similar rate to FY’25 through FY’29. The transportation fee of $300 will be reduced by $100 in each of the FY’27-FY’29 with full expected fee elimination in school year 2029-2030. There is no fee reduction in FY’26. Expense Assumptions: Salary accounts are adjusted by the known and expected cost-of-living adjustments (COLA). The fiscal year 2026 budget deficit reflects the district use of fund balance revenue in a few accounts: o Pre-School o Special Education Services o Transportation o Athletics o Facility Rental
Key Takeaways: The district maintains a fund balance review process to determine the appropriateness of the fund balances. In FY’26, the district has recommended a greater reliance on pre-school, transportation,
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