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Silver Falls budget committee approves $83.85 million budget, creates new capital and PERS reserves
Summary
The Silver Falls School District budget committee on May 20 approved the proposed 2025–26 budget of $83,854,144, setting tax levies and establishing a $500,000 capital reserve and a new PERS reserve to shore up long-term fiscal stability.
The Silver Falls School District budget committee voted to approve the 2025–26 proposed budget at $83,854,144 and set the next year’s tax levies on May 20, advancing the plan to the full school board for adoption.
The committee’s approval includes a permanent tax levy rate and a separate levy of $4,681,222 earmarked to retire district bond debt. The motion carried by roll call; committee members present voted unanimously to approve the budget and related levy amounts.
The budget adopted by the committee builds a larger contingency and outright reserves after several years of deficit pressures. Administrators presented a projection of a $2.1 million ending fund balance for June 30, 2025, while the proposal also budgets “well over” $2.9…
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