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Board adopts final FY24-25 budget and approves proposed FY25-26 budget with recommended tax rate
Summary
The Park City School District board approved the final budget for fiscal year 2024–25 and adopted a proposed budget for 2025–26 recommending a tax rate of 0.002164; staff said the rate excludes the basic levy and charter levy and that the board reserves the right to adjust if certified rates change.
The Park City School District Board of Education voted to approve the district’s final budget for fiscal year 2024–25 and to adopt the proposed budget for fiscal year 2025–26, recommending a tax rate of 0.002164.
District presenters reviewed expenditures and tax-rate mechanics. A staff presenter explained that the recommended rates do not include the state-controlled basic levy or any charter-school levy, both of which are finalized by the Utah State Tax Commission. The presenter said the board reserves the right to adjust the final tax rate if the county’s certified tax rate changes before the district’s final adoption.
On the question of whether the budget would raise taxes, a district presenter said, “End of the day, we're not raising taxes,” while clarifying that individual taxpayers might see tax bills change because of changes in their property values.
The board held public hearings required for both the final FY24–25 budget and the proposed FY25–26 budget. No public commenters spoke on the final FY24–25 budget during the hearing; a speaker asked about stipend language for classified employees and the district said it would discuss that matter internally.
By motion and voice vote the board approved the final budget for fiscal year 2024–25 and then voted to adopt the proposed 2025–26 budget with the recommended tax rate of 0.002164. The district said it will monitor certified rates provided by counties and the state and adjust the final district tax rate as needed to yield the budgeted tax dollars.
