Budget briefing: enrollment dip, one-time post-employment funding and a projected levy decrease
Budget presenter Rob Dawson said enrollment is down 48 students to 1,390, the preliminary budget deficit narrowed from $256,000 to under $180,000 but will include a one-time $387,000 post-employment payment, and state aid increased by 9.4% (about $670,000), producing a projected 2.15% tax-levy reduction.
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Rob Dawson told the board the district is four months into the fiscal year and will ask the board next week to approve the final budget and set the tax levy. He reported enrollment for revenue-limit calculations is 1,390 (down 48 students), noted open enrollment flows and explained that the preliminary July budget deficit of $256,000 decreased to under $180,000. To fully fund an existing post-employment benefit obligation, the budget includes a one-time $387,000 addition that increases this year's deficit but reduces future obligations.
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