Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Derby Board adopts $154.8 million budget, votes to exceed revenue-neutral rate
Summary
Derby Board of Education approved the 2025-26 budget totaling $154,752,309, adopted a levy exceeding the revenue neutral rate and set the local option budget percentage at 31%; board discussion flagged concerns about a separate recreation commission mill levy increase.
The Derby Board of Education voted unanimously Tuesday to adopt the district’s 2025-26 budget of $154,752,309 and approved a resolution to levy property taxes that exceed the state-calculated revenue-neutral rate.
The action formalizes a mill levy of 57.491 for the district for fiscal year 2025-26 and sets the local option budget (LOB) at 31 percent. The board also recorded that the Derby Recreation Commission (DRC) will levy 7.53 mills for 2025-26, a 0.25-mill increase noted in the budget materials.
Board members cited state law in adopting the levy. Pam Kelly, director of finance, read the resolution, saying the measure was taken “with respect to exceeding the revenue neutral tax rate for financing the annual budget for 2025-26.” The resolution text referenced KSA 79-2988 as…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
