The Waukesha School District held a Special Board of Education Meeting on October 29, 2024, focusing on budget planning and financial strategies for the upcoming biennial budget. The meeting began with discussions on the implications of the upcoming elections and new representative maps, which could significantly impact the district's funding.

A key point raised was the potential for a $5.4 million cushion in the budget, which could be affected by changes in state funding. The district is preparing for the new biennial budget, anticipating that any significant changes in funding will likely occur in the first year. The board discussed a planned $2.5 million reduction in the fund 39 levy for the 2026-2027 school year, which aims to allow for three consecutive years of decreasing levies.

The current budget proposal for the 2025-2026 school year reflects a 6.8% drop in the levy, contingent on maintaining current conditions. The district's unique position as one of the largest in the state with no debt was highlighted as a significant achievement.

Looking ahead, the board will begin developing next year's budget in November, with public participation encouraged. The initial discussions will focus on establishing assumptions for long-range budget forecasting, which is crucial for accurate financial planning. The new state biennial budget discussions are expected to commence early next year and continue through the summer, ultimately shaping the district's financial guidelines for the next two fiscal years.

Board members emphasized the importance of being mindful of taxpayers while navigating uncertainties related to upcoming elections and legislative changes. The overall sentiment was one of cautious optimism, with a recognition that the district's financial outlook will depend heavily on external factors beyond the board's control in the coming months.