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Interboro board adopts $88.9 million budget with 1.5% tax increase

3471833 · May 23, 2025

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Summary

The Interboro School District board unanimously approved a proposed final general fund budget for 2025–26 that raises property taxes 1.5%, increases spending to $88,918,044 and relies on department cuts and planning to balance the year.

The Interboro School District Board of School Directors on Wednesday adopted the proposed final general fund budget for fiscal year 2025–26, approving $88,918,044 in expenditures and a 1.5% rise in the district tax rate.

The action followed a report from the finance committee that said a 1.5% increase would balance the budget without using fund balance. "At a 1.5% tax increase, the budget is balanced with no use of fund balance, no deficit, and no surplus," the committee report said. The report added that the increase equates to "about $5 per month for the average homeowner." The motion passed on a roll-call vote, 6–0.

Board members and staff described steps taken to reduce the gap before adoption. The finance committee reported department budget reductions of approximately 5% based on historical averages, reviews of building budgets for three years of spending, and extended discussion with curriculum supervisors about pilot programs and program improvements in math, ELA, science, social studies and health. "We cut some department budgets by 5% and reviewed building budgets over the last 3 years of need reductions based on actual spending," the finance summary said.

During the public meeting the board moved the procedural item to place the proposed final budget on the agenda and then voted to adopt it. The board also described the proposed levy change as consistent with recent years’ practice and said the finance committee and administrative staff worked to hold the line on taxes while maintaining programs and improving facilities.

The board noted that the proposed final budget remains subject to final certification in June, and that discussions about priorities and long-term planning will continue as the administration and committee refine details before the final adoption.

The board will next consider final certification at the June meeting, after receiving any further state or county-level guidance and final property valuation information.