Gilbert Public Schools is deliberately drawing down reserves in a state classroom funding account to support employee raises, spending $1.6 million more than it received during the past fiscal year.
The district's classroom site fund ended fiscal 2026 with $23.6 million, down from $25.2 million a year earlier, according to its annual financial report presented to the governing board on Oct. 13.
The fund received $31.9 million in revenue while expenditures totaled $33.5 million, a 2.1% increase over the previous year.
