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CFO presents FY25-26 budget draft: district proposes mill levy near 49.94, directs most new revenue to staff compensation
Summary
CFO Jessica Nava presented the district's proposed FY25-26 budget and RNR (revenue-neutral rate) materials, showing a proposed mill levy around 49.94 mills and explaining allocation of newly available revenues to staff raises, benefits and curriculum investments; hearings are scheduled for Aug. 28.
CFO Jessica Nava presented the district’s FY25-26 budget assumptions, revenue estimates and recommended allocations, telling the board the proposed mill levy on the draft budget would be about 49.94 mills and that the district intends to direct most available funds toward staff compensation and instructional materials.
Nava explained how assessed valuation and state aid affect mills: "To bring in the exact amount of taxes that we did last year, it would be 48.203," she said, adding that the board previously approved…
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