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Gateway School District proposes $98.66 million general fund budget, raises real estate millage 1.2034 mills
Summary
The Gateway School District board approved a proposed final general fund budget of $98,658,188 for fiscal year 2025–26 that includes a 1.2034‑mill increase in the district real estate tax rate and the planned use of $836,094 from the unassigned fund balance to balance the budget. Final adoption is scheduled for May 27, 2025.
The Gateway School District board on a roll call approved a proposed final general fund budget for fiscal year 2025–26 totaling $98,658,188, a 4.8% increase in general fund expenditures from the prior year. The proposal includes an increase in the district real estate millage rate from 24.684 mills to 25.2718 mills, a rise of 1.2034 mills. The district said the 25.2718 mills is equivalent to $2,527.18 in annual tax on a $100,000 assessed valuation.
The district reported it will use $836,094 of the unassigned fund balance to balance the 2025–26 general fund.…
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