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Board weighs tax increase options as fund-balance, staffing and health-care costs shape final budget
Summary
District business staff reviewed fund-balance history and drivers and presented three tax-increase scenarios (4%, 4.5%, 5.3%) for the June 9 budget vote; board members debated preserving fund balance versus raising taxes to the index and asked for clarity on staffing commitments.
Caleb, a district staff member presenting on the budget, reviewed the General Fund fund-balance history and the drivers behind recent increases, then laid out three tax-increase scenarios the board must decide for the final budget vote. "The state allocation [Homestead and Farmstead] went up about $215,000," Caleb said, and he showed three levy scenarios that would generate different levels of revenue: a 5.3% index increase producing about $1,850,000, a 4.5% increase producing about $1,590,000, and a 4% increase producing about $1,410,000.
Caleb reminded the board about recent one-time inflows that boosted fund balance, including unexpected real estate transfers and warehouse…
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