Plainfield board adopts 2026 budgets, sets debt service and levy figures

The Plainfield Community School Corp. board adopted four resolutions at its October meeting to set the corporation 2026 budgets, including a debt service budget of $19,403,705, an education fund budget of $46,000,500 and an operations budget of $16,850,172, and approved related levy and transfer authorizations.

The board voted to adopt the debt service budget with an associated levy of $18,839,446, and to set an operations levy of $10,137,686 tied to the operations budget. The board also approved a resolution authorizing transfers between the education and operations funds and a budget-reduction resolution that allows the corporation to reduce appropriations during the year if necessary.

Why it matters: the resolutions establish the corporation spending and tax-levy framework for calendar year 2026 and preserve options for intra-year adjustments and short-term cash-flow tools.

Mark Sharovich, who presented the financial materials to the board, summarized the resolutions and the recommended amounts. Sharovich said the corporation is seeking approval on the four related resolutions and recommended adoption. When asked about the likely tax rate impact, Sharovich said, "It won't be $90.90 cents," and estimated it would be "probably somewhere in the mid to low 70¢ range." The board took a voice vote and approved the resolutions.

Board discussion on the budget at the meeting focused on the dollar amounts and maintaining cash-flow options; no amendments were made on the floor.

The adoption completes the corporation's formal budget-setting step for 2026. Board members approved the resolutions by voice vote; no roll-call tallies were recorded in the meeting transcript. The meeting then moved on to patrons' comments and other items on the agenda.

Notes: the budget figures and levy amounts were presented to the board during the meeting packet and read aloud by staff; the board approved all four resolutions together.