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District budget update: administrators flag tax‑rate assumption and health‑care cost pressure
Summary
In the superintendent’s report the district’s business official said the draft budget assumes a 2.75% tax increase and that the actuary’s estimate for next year’s health‑care costs is roughly $500,000 higher than the 10‑year forecast, which will require using some ending fund balance to balance the budget unless other changes occur.
During the superintendent’s report, district finance staff told the board the administration is preparing the 2025–26 budget under a working assumption of a 2.75% tax increase and that, given current projections, the district will likely need to use a portion of its ending fund balance to balance next year’s budget.
Leanne, a district business‑office staff member, said she had…
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