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Business official outlines 2025–26 budget preview, capital projects and tax‑levy calculation
Summary
Deputy Superintendent/School Business Official John O'Keefe presented a first formal budget overview for 2025–26, discussing revenues, reserves, capital projects (including South High auditorium renovation and a proposed synthetic field at North Middle), bond amortization and a preliminary tax-levy calculation.
John O'Keefe, the district’s deputy superintendent and school business official, presented the board and community with the first formal overview of the 2025–26 budget process at the Feb. 11 meeting.
O'Keefe told the board that the district’s current budget is just under $282 million for 2024–25 and that he expects ongoing pressure from inflation and constrained levy growth. He reviewed reserves, noting a total of about $82.7 million in restricted reserves and an unassigned fund balance near the statutory 4% limit (about $11.2 million). He said the district appropriated nearly $13 million from reserves to balance the current year budget.
The presentation identified proposed capital projects totaling about $10.88 million…
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