Madison Metropolitan Schools District’s board approved a budget increase for 2025-26 that reflects its plan for a 10% increase in revenue and expenses from last year.
The budget increased to $668 million comes as state aid for MMSD will decrease 19.5%. — nearly $12 million. An increase to the budget will allow MMSD to continue to have a strong financial footing, as it expected a budgetary shortfall of $64 million from the reduction of state aid and the expiration of previous COVID-related funds.
“We have worked really hard, especially with rising costs for health insurance and some other things that are out of our control, to prioritize our employees,” said Nichelle Nichols, MMSD board president, in a statement. “I’m really proud of the fact that we have a balanced budget, and that we are in a good position, as stewards of the referendum dollars that our community has entrusted to us, to move this district forward.”…