Finance chief warns state equalization cut will cost district about $200,000
The district reported 2025–26 expenses at 91.2% and above-budget revenues this year; business manager Charlene said State Equalization reductions lowered assessed values to $939 million, costing an estimated $200,000 in real-estate tax revenue and creating long-term pressure on the 2027–28 budget.
The full story
Charlene, the district's finance lead, told the board the 2025–26 expense side sits at 91.2% and that revenues exceeded original estimates due to higher delinquent taxes, transportation subsidy reconciliations and rental/royalty income from a recent range lease agreement. "On our expense side, we're at 91.2%," she said.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in