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Central Valley board reviews proposed $47.2 million budget, notes 0.51 tax increase
Summary
The Central Valley School Board on May 14 reviewed a preliminary proposed final general budget for the 2025–26 school year showing $46,621,225 in revenues and $47,176,676 in expenditures, and staff said the proposal "reflects a 0.51 tax increase."
The Central Valley School Board on May 14 reviewed a preliminary proposed final general budget for the 2025–26 school year showing $46,621,225 in revenues and $47,176,676 in expenditures, and staff said the proposal "reflects a 0.51 tax increase." The budget and related finance items were presented during the board's workshop meeting; no final vote on the budget was recorded in the transcript of the session.
Why it matters: The district's proposed spending exceeds expected revenues in the draft budget presented to the board, and school officials said the budget includes a tax-rate increase. Under the school code cited by staff, final adoption occurs after a 30-day period following tentative adoption and the budget must be made available for public review before final adoption.
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