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Provo School Board reviews FY-26 budget proposals and schedules Truth in Taxation hearing
Summary
Board staff presented the proposed fiscal 2026 budget, outlined capital projects and salary increases, and said a Truth in Taxation hearing will be held Aug. 12; the board will consider tentative FY‑26 approval in June and final levy action after state basic‑rate numbers arrive.
The Provo City School Board on June 10 reviewed the district’s proposed fiscal 2026 budget, including planned salary increases, capital projects and a draft levy plan that will trigger a Truth in Taxation hearing on Aug. 12.
Board members and district finance staff said the FY‑26 budget reflects a mix of one‑time bond proceeds, modest state revenue increases and targeted tax levy requests to cover continuing costs including retiree insurance and growing self‑insurance payments.
The board’s finance director said FY‑25 results include transfers from the general fund to the capital fund and a $3 million transfer to the self‑insurance fund to cover higher claim costs. “That covers the debt service payment for the municipal building authority bonds from 02/2022,” the director said in…
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