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CFO previews 2025 levy assumptions and budget outlook; warns salaries and health costs outpacing levy increase
Summary
Morton CUSD 709 Chief Financial Officer Lisa Kowalski presented preliminary levy assumptions for fiscal 2026 and a tentative FY‑27 budget outlook, citing salary and health‑care cost increases and projected reserve use while noting the district remains above minimum reserve targets under the current projection.
Morton CUSD 709 Chief Financial Officer Lisa Kowalski presented the board with a preliminary timeline and assumptions for the 2025 levy and an early projection of fiscal 2027 budget balances at the Oct. 15 meeting.
Kowalski said the district will present a tentative levy in November and the final levy in December, and that the district posts truth‑in‑taxation notices as a transparency step even when it does not exceed the 5% threshold that mandates notice. “Whenever I'm doing the computations, I'm looking at last year's levy, using our CPI, adding in the new property, and then that kinda gives us the amount,” she said.
Key assumptions and figures presented (preliminary): •…
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