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Vermillion school board acknowledges preliminary 2025–26 budget, sets July 14 budget hearing
Summary
The Vermillion School District board reviewed a preliminary 2025–26 budget showing a modest enrollment decline and approved scheduling the public budget hearing for July 14 at 6:30 p.m.; the draft relies on an $880,000 opt-out and a 1.225% state aid increase and includes a one-time $300,000 transfer from capital outlay into the general fund.
The Vermillion School District 13-1 Board of Education on May 12 acknowledged a preliminary 2025–26 budget that assumes 1,340 students, a decline of 45 from last year, and set the public budget hearing for July 14 at 6:30 p.m.
Board members were told the draft budget reflects an anticipated 1.225% increase in state aid and the district’s continuing $880,000 annual opt-out. Finance staff said the draft offsets lower revenue from declining enrollment with a one-time $300,000 transfer from the capital outlay fund into the general fund to…
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