During a recent government meeting, the Royal Oak Schools Board of Education conducted a comprehensive budget presentation as part of their truth in taxation hearing. The meeting highlighted key financial updates and projections for the upcoming fiscal year, with a focus on millage rates and funding sources.

Isabella, the district's financial officer, outlined the proposed millage rates, confirming that the debt millage rate will remain at 2.2 mills, consistent with the previous year. This includes levies of 1.17 mills on 2018 bonds and 1.03 mills on 2020 bonds. Additionally, the Building Site and Sinking Fund millage rate is set at 0.9973, reflecting a new levy approved in November 2022, which allows for funding of both construction needs and instructional technology.

The budget presentation also revealed a slight decrease in locally determined taxes, amounting to approximately $6.40 for every $100,000 of taxable property value. The board is required to approve four main budgets annually: the general fund, community service fund, food service fund, and student activity fund, with additional resolutions planned for other funds.

Isabella noted that the district is currently facing a structural deficit of about $1 million, with projections indicating potential deficits ranging from $3.3 million to $3.8 million depending on state budget outcomes. The governor's budget proposal suggests a per-pupil funding increase of $241, while the House and Senate propose higher amounts, which could significantly impact the district's financial health.

The board emphasized the importance of maintaining strong fund equity, which currently hovers around 14-15%. Discussions also touched on the continuation of free breakfast and lunch programs, with the administration urging families to complete free and reduced lunch applications to maximize federal funding.

As the meeting progressed, board members expressed their commitment to scrutinizing budget allocations to protect educational programs and services. The final budget adoption is scheduled for June 27, with ongoing discussions expected as new information becomes available.

The meeting concluded with a public hearing segment, allowing community members to voice their opinions on the budget and millage rates, although no comments were received. The board's proactive approach to budget management and transparency reflects their dedication to the educational needs of the Royal Oak community.