The public hearing for the proposed budget and tax rate for the fiscal year 2024-2025 was held, with Executive Director for Finance Jennifer Hines presenting key details. The proposed maintenance and operation tax rate is set at 68.9 cents, with an interest and sinking rate of 30.34 cents, resulting in a total tax rate of 99.24 cents. This marks a decrease of approximately 4 cents from the previous year's rate of $1.03.

Hines noted that the overall revenue has decreased compared to the previous year, primarily due to the lower tax rate and anticipated reductions in Average Daily Attendance (ADA) and federal revenue from the SHARS program. The proposed budget indicates a deficit of $12 million, which includes a 2% approved raise for payroll and various non-payroll expenditures.

During the meeting, board members raised questions regarding the budget's allocation, particularly emphasizing that the largest expenditure is on instructional functions, which cover teacher and paraprofessional salaries. Hines clarified that the budget is a dynamic document, subject to amendments throughout the year to reflect actual spending and compliance with governmental accounting standards.

The board also discussed the implications of the expiration of ESSER funds, which has significantly impacted many districts, including the current budget's larger deficit. Hines expressed optimism about future budget management, indicating plans to reduce the deficit significantly in the next fiscal year through careful financial planning and responsible spending.

The board unanimously approved the budget amendments for the fiscal year 2023-2024 and moved forward with the adoption of the proposed budget for 2024-2025. The discussions highlighted the broader challenges faced by school districts statewide, with many grappling with similar budgetary constraints and the need for strategic adjustments in the wake of funding changes.