Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Northern Lebanon SD staff present tentative 2025-26 budget showing $1.8 million shortfall; proposes 2.75% tax increase
Summary
District finance staff told the school board the tentative 2025-26 budget assumes a 2.75% real-estate tax increase, a $10 million beginning fund-balance estimate and a projected $1.8 million deficit driven by rising bond payments, salaries and charter-school costs.
Leanne, a district finance staff member, told the Northern Lebanon School District Board of Directors on April 8 that the tentative 2025-26 budget proposal assumes a 2.75% real-estate tax increase and shows a projected deficit of about $1,800,000.
"The budget numbers that I'm presenting tonight are based on the 2.75% tax increase," Leanne said. She told the board she will use an estimated $10,000,000 ending fund balance carried forward from 2024-25 when preparing the formal PDE budget submission.
The nut graf: The proposed budget relies on the tax increase and an available ending fund balance to cover a gap created by rising fixed costs, chiefly higher bond payments, salaries and charter-school tuition. The board will adopt a proposed final budget in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
