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Danville Area SD to present final 2025–26 budget next week; proposed tax rate shown in review
Summary
Finance staff reviewed the 2025–26 proposed budget of $48,474,910 and the Act 1 tax guidance used to set a local real estate tax of 12.9186 mills; staff said state homestead/farmstead aid increases reduce net homeowner impact but final adoption will come next week.
Danville Area School District finance staff told the board Tuesday that a proposed $48,474,910 2025–26 budget and corresponding tax-rate resolutions will be presented for final adoption next week after the board previously approved the proposed budget on May 7.
Why it matters: the budget sets spending and tax rates for the district and will determine final property tax bills for local homeowners.
Finance director Mr. Mavis reviewed the budget timeline and said the board earlier passed an Act 1 resolution capping local increases within the state index. "In January, the board passed the Act 1 resolution, whereby they stated that they would not exceed the state-set Act 1 index, which was 4 percent," Mavis said.
Mavis reported balanced revenues and expenses at $48,474,910 and cited a local real-estate tax rate of 12.9186 mills. He also described state-level changes to the Homestead and Farmstead exclusion that increased the excluded assessed value and reduced year-over-year tax bills for qualifying homeowners; the presenter said the homestead/farmstead change reduced average net tax increase from about $65 to about $28.35 for a property with $130,000 assessed value under the new rates and exclusions.
Other finance items previewed for next week's agenda included: final adoption of the budget and three resolutions (budget adoption, tax-rate setting, and Homestead/Farmstead exclusion); adult cafeteria price increases required by state rules (adult breakfast to $3 and adult lunch to $5); and routine approval of tuition rates and business-manager authority for year-end budget transfers.
No surefire final vote occurred on Tuesday: the board was told the budget was advertised in the Enterprise on May 10 and that official adoption will occur at the board meeting next week.
Speakers: Mr. Mavis presented budget figures and timeline; the presentation noted prior board action on May 7.
