Development News for Lincoln, California

Preliminary 2026-2027 Budget Shows Projected Deficit Amidst Uncertain State Funding

The board reviewed the preliminary budget for the 2026-2027 fiscal year, identifying projected revenues of just under $130 million and expenditures of $136 million, resulting in a decrease of approximately $6.7 million in the ending fund balance. This decrease is largely due to planned reductions in one-time funds and carryover funds, while ongoing operational deficits remain a concern. Potential additional state revenues from proposed increases in LCFF (super cola), special education funding, and SpudBug funds were discussed but remain uncertain. The board also addressed the financial implications of employee benefits, particularly retirement contributions for PERS and STIRS, and the required 3% contribution to routine maintenance. Contract extensions for cabinet and senior management positions were approved, and the board received updates on community school grants and programs.