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Provo School Board approves FY25 final budget and votes to seek higher tax rate for FY26
Summary
The Provo City School Board unanimously approved the finalized FY25 budget and approved a tentative FY26 budget that includes a proposed property tax increase to cover rising insurance, substitute and salary costs; a truth-in-taxation hearing is scheduled for Aug. 12.
Provo City School Board of Education members on June 24 unanimously approved the district’s final budget for fiscal year 2025 and approved a tentative budget for fiscal year 2026 that includes a proposed increase in the district’s property tax rate.
Devin Daley, the district’s business administrator, presented the budgets and told the board the final FY25 budget is $273,851,099 and that the net change to fund balance — about $43,000,000 — represents planned expenditures “mostly in our capital and our municipal building authority fund,” which together account for a little more than $36,000,000 of…
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