Solon Board approves 2025–26 tax budget; staff says voted debt nearly paid off
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Summary
The board approved the tax budget for fiscal 2025–26 and staff reported no major schedule changes from the prior year; schedule 4 (voted debt outside the 10-mill limit) is nearly retired, the board was told.
The Solon Board of Education approved its tax budget for the 2025–26 fiscal year at the Jan. 13 meeting, a routine step the district must take annually to coordinate levy and fund planning with the county.
Board members were told most schedules in the tax budget mirror last year’s submission and that the district is “very close” to becoming debt free on the remaining voted debt outside the 10-mill limit (schedule 4). The staff presentation emphasized the tax budget’s role in aligning district and county planning for levies and overall fund-level finances and noted that the tax budget is submitted each year in mid-January.
Board action: The motion to approve the 2025–26 tax budget passed on a roll-call vote.
Background: The tax budget provides an overview of expected fund activity and is used by the county auditor and other authorities to plan levy and budget timelines; staff said the district’s cash position report and schedules were included with the attachment.
