MCS School Board Meeting Budget Work Session 09/08/2026

The Middlebury Community Schools held a budget work session on September 8, 2026, focusing on the district's financial position, enrollment trends, and budget projections for 2027. Key procurement-related discussions included the review of the education, operations, debt service, and rainy day funds, with emphasis on maintaining healthy cash balances and managing expenditures primarily driven by personnel costs. The board discussed the impact of declining enrollment and state funding formulas on revenue, as well as the implications of Senate Enrolled Act 1 on property tax deductions and net assessed values, which affect tax rates and levy amounts. Capital improvement projects and the five-year bus replacement plan were reviewed, noting a reduced capital projects budget and no bus purchases planned for 2027. The district also addressed debt service obligations, projecting a conservative tax levy to cover bond payments, and maintained a strong credit rating. No formal motions or votes on budget approval were taken during this session, as the board planned to consider action in October.