Proposed Budget: May 26, 2026

The PSD On Demand governing body held a budget review meeting on May 26, 2026, focusing on the proposed fiscal year 2027 budget. The discussion centered on finalizing a balanced budget with a total appropriation of approximately $840 million, including a general fund budget of about $521 million. Key procurement-related topics included the allocation of $5.4 million for compensation increases across classified, administrative, and professional staff, representing roughly a 2% salary increase. The budget also addressed reserves for funding uncertainty, with $5.9 million assigned to cover potential midyear financial challenges. Capital projects funding was noted at $21.8 million, primarily from remaining bond proceeds, with no new bond revenue expected. The meeting included detailed explanations of budget variances in areas such as elementary schools, curriculum implementation, and central administration, highlighting the complexities of budget forecasting and expenditure timing. The board planned to adopt the budget and related resolutions in a subsequent meeting on June 9, 2026, with an emphasis on restoring reserve levels over time. No new procurement contracts or vendor selections were discussed, but the budget allocations and reserve planning set the framework for future spending and procurement activities.