Charter School Board Workshop - May 12, 2026

The Cape TV Charter School Board held a budget workshop on May 12, 2026, to review the proposed fiscal year 2027 budget totaling approximately $42.4 million, representing an 11.75% increase over the previous year. The discussion focused on enrollment projections, revenue sources including intergovernmental funds and capital outlay, and detailed expenditures such as personnel costs, operating expenses, and capital purchases. Key procurement-related topics included the planned replacement of buses, software, copier equipment, and IT hardware, as well as the addition of staff positions to support transportation and school operations. The board also discussed budgeting policies, including maintaining a structurally balanced budget and budgeting revenues at 99%. Questions were addressed regarding bus replacement cycles, funding sources like the Local Capital Improvement (LCI) and Public Education Capital Outlay (PECO), and the potential use of half-cent sales tax revenue for transportation safety technology. No motions or votes on budget approval were recorded during this workshop; the budget will be incorporated into city public hearings for final approval in September 2026.