As the next step in the fiscal year 2027 (FY27) budget process, the Board of Public Education will hold a public hearing and vote on Tuesday, April 14, to recommend a FY27 budget to send to the City Council. Earlier, on March 31, the Board held a first reading and a public hearing on the proposed budget, which is for the 2026-2027 school year. The budget currently before the Board is the Board's Finance Committee Recommended Budget. The Finance Committee voted on March 23 to recommend to the Board a budget that made some adjustments to the Superintendent’s FY27 budget proposal. The committee voted to cut the budget by $1.1 million, which would lower its impact on the school portion of the tax rate from the 7.3 percent initially proposed to 6.43 percent. The Board will hold a second reading and public hearing on the budget on April 14 and vote that evening to recommend a school budget to the City Council for bottom line approval. The Board's hybrid meeting will begin at 6 p.m. at Casco Bay High School and the public can attend in person or via Zoom at: https://tinyurl.com/3c3tayaj
Learn more about the FY27 budget and watch our Budget in Brief video series to better understand how the school funding formula works.