# School Committee: Finance Subcommittee - October 28th, 2026

The School Committee Finance Subcommittee meeting, identified in the title as October 28, 2026, reviewed the FY27 first-quarter financial report, revolving-account fund policy, and preliminary FY28 budget models. At September 30, 23.65% of funds were committed and 76.35% remained available; districtwide general-expense payments totaled about $2.236 million. Staff noted pressure in special-education expenses, anticipated a $1.2 million First Student encumbrance, and discussed correcting a negative general-expense budget line. No contract awards, bids, or purchasing approvals were reported, and no votes were taken.

The FY28 discussion focused on rising utility, fuel, and transportation costs, estimated at roughly $500,000 above current levels, and on restoring the special-education circuit-breaker reserve. Depending on the reserve-replenishment scenario, the preliminary budget increase was estimated at 6.37% or 6.9%; members also discussed a possible funding gap of about $1.6 million if town support is near 3.5%. They will continue reviewing assumptions and discuss reserve planning with town officials. The committee also considered incremental $10 athletics-fee increases and reserve floor/ceiling targets, possible health-benefit indirect costs for revolving accounts, and whether some facilities expenses should be borne by the town’s consolidated facilities department. These were discussions, not adopted policy decisions.

**Jurisdictions:** sled
**Industries:** Education
**Topics:** Grants & Funding
**Published:** November 09, 2026

### Sources
- [School Committee: Finance Subcommittee - October 28th, 2026](https://www.youtube.com/watch?v=A9O3Au8fgoY) - MILTON ACCESS TV