December 11th 2025 BOE Budget Update

The Victor Central Schools Board of Education held a budget update meeting on January 27, 2026, focusing on the 2026-2027 school year budget planning. Key procurement-related discussions included a review of the district's reserve funds, notably a $99 million capital project funded largely through capital reserves, with $28 million used so far. The board discussed the current capital reserve balance of approximately $3.3 million and a total restricted fund balance of just over $10 million. The rollover budget was presented as a baseline financial plan maintaining current staffing and contractual obligations without new initiatives, projecting a 6.4% increase in personnel costs driven by salary and fringe benefit increases, particularly a 10.2% rise in health insurance costs. Non-personnel costs were held flat initially but expected to adjust for inflation and other factors later. The board emphasized the importance of maintaining operational reserves, currently at 6.2% of the $109 million budget, which is low compared to peer districts, and discussed strategies for building reserves to support future capital projects and operational stability. The meeting also outlined the upcoming budget review schedule and highlighted ongoing contract negotiations and enrollment considerations as factors influencing final budget decisions.