Board of Finance
Thursday, March 12, 2026
Significant
BOF Reviews $243.9M School Budget at Public Hearing
BudgetSchools
Why it matters
The proposed $243.9 million school budget will determine classroom resources, transportation efficiency, and significantly impact property tax rates for all Fairfield residents.
What happened
- Board of Finance held third budget hearing reviewing the $243,944,528 Board of Education budget with Superintendent Mike Testani and school officials
- School district restored approximately $844,000 to their budget mainly due to lower health benefit costs than originally projected
- Schools estimate $900,000 surplus for current fiscal year, with Chromebooks to be purchased from surplus funds
- Private school bus routes have been extended with combined pickup schedules to reduce number of buses and drivers needed
- Finance department presented $19,407,639 in projected revenue, representing a $711,287 (3.80%) increase from fiscal year 2026
- Total debt service presented at $26,001,900 for principal and interest payments on town bonds
What is next
No next steps specified in these minutes.
⚠️ These are draft minutes and have not been officially approved. Content may change.