Penn-Harris-Madison Work Session Meeting 8-3-2026

The Penn-Harris-Madison School Corporation held a work session on August 3, 2026, focused primarily on the presentation and discussion of the proposed 2027 budget. The Chief Financial Officer detailed revenue trends, including enrollment impacts, state funding, and property tax levy considerations under recent legislative changes such as SEA1. The board discussed the challenges of flat or declining enrollment, the shift of curricular materials funding into the education fund, and the implications of property tax caps and assessed value fluctuations on operating and debt service funds. Capital projects and bus replacement plans were also reviewed, with emphasis on maintaining fiscal responsibility amid revenue headwinds. Board members requested clearer projections on reserve impacts and potential budget strategies, including possible adjustments to the property tax rate and fund transfers. The administration committed to providing further recommendations ahead of the public hearing on August 10 and the budget adoption meeting in September.