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CFO presents 2025–26 budget update: $2.2M revenue increase, state funding down; board told average taxpayer cost may fall
Summary
CFO Casey Russell told trustees updated property values raised local revenue by about $2.2 million while state foundation funding declined; staff said the district's property-tax levy rose and certain tax-rate components changed, and officials expect to present the adoption item in August.
Casey Russell, the district chief financial officer, gave the board a second update on the 2025–26 budget and said updated property values produced an estimated $2.2 million increase in available revenue. Russell reported the district's calculated state revenue (foundation school fund) decreased from about $85.2 million to $82.3 million while the current‑year property‑tax levy increased from about $82.4 million to $87.5 million.
Russell…
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