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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.