Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budgeting And Finance topic
No spam. Unsubscribe anytime.
Central Valley Board adopts 2025-26 budget, approves tax rates and insurance renewals
Summary
The Central Valley Board of Education adopted a $47.0 million spending plan for 2025-26, approved supporting tax rates and renewed multiple insurance policies at its June 23 voting session.
The Central Valley Board of Education on June 23 adopted its final general fund budget for the 2025-26 school year and approved related tax and insurance measures.
Board members approved a budget that, as read into the record, lists revenues of $46,621,205 and expenditures of $47,000,176. The board also approved supporting tax and fee rates for 2025-26, including a real estate tax rate of 10.7783 mills; board discussion noted that represents about a 5% increase, or “really about a half a mil.”
The board approved the resolutions that accompany the budget: depositary designations for district funds at multiple banks, a resolution authorizing homestead and farmstead exclusion under the Homestead and Farmstead Exclusion Program Act and the Taxpayer Relief Act, and the appointment of Denise Sebeck as an authorized representative to request tax records from Berkheimer, effective July 1, 2025.
The board also renewed several insurance policies effective July 1, 2025. The Utica National commercial package (including business auto and umbrella) was presented with a premium of $184,861 (described as about a 19.4% increase). Workers’ compensation insurance with Housing and Redevelopment Insurance was presented at $112,982 (about a 9.3% increase). Cyber insurance with Chubb Specialty Insurance was presented at $15,089 (about a 7.5% decrease).
Motion and vote: The motion to adopt the budget and approve the listed resolutions and insurance renewals was made by Mister Ambrose and seconded by Mister McDonald. The board voted to approve the package; the meeting record shows the motion carried.
Why this matters: The budget and tax rates set how the district will fund operations, staffing, and programs in the coming school year and affect local property taxpayers.
Details and context: The board listed depositories for district funds (WesBanco, PNC and others) and approved a real estate transfer tax and mercantile rates as part of the supporting documents. The meeting transcript records the budget figures and the tax rates read into the record; one numerical fragment in the budget reading (“and $4,479”) in the transcript was unclear in context and is not interpreted in this article.
The board passed the budget by voice vote; no roll-call tally was recorded in the transcript excerpt.
