The St. Tammany Parish School has formally adopted a budget of just over $500 million to run the district during the 2025-26 fiscal year.
The spending plan was approved during the full board’s regular meeting on Sept. 11. At a meeting a week earlier, a board committee gave preliminary approval following a report from the district Chief Financial Officer Terri Prevost.
During the committee meeting, Prevost reported that the district had amassed a $16.3 million surplus during the fiscal year ending June 30, 2025. Savings on the district’s health insurance policy and on worker’s compensation claims along with sales tax collections that were more than $5 million higher than originally budgeted helped create the surplus, she said.
Half of the surplus will be divided equally among the school