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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 exceeding the revenue-neutral rate and that proposed levies and state-aid percentages shift how much cost falls to local taxpayers and how much is covered by state aid. She gave high-level revenue numbers the board packet included: state revenue near $93.8 million, federal revenue near $10.3 million and local revenue near $16.3 million for a combined total around $120.5 million. Nava said the apparent local decline versus prior year in the packet was driven by health reserve accounting and explained those funds separately.
Nava outlined notable expense increases and one-time or planned uses of funds: property and casualty insurance, a scheduled escrow lease purchase payment, employer annuity costs and the district’s planned compensation increases (Nava said roughly $2.7 million for certified staff, $432,000 for classified staff and $82,000 for administrative staff). She said the district received a favorable 2.5 percent health insurance renewal and expects GrowWell and other benefits to yield claim savings.
Nava also described planned spending to support recruitment and instruction: funding professional development, ESL endorsement support, social-emotional learning programs, and a planned ELL curriculum adoption budgeted at about $1.5 million using textbook reserves. She told the board the RNR hearing and the budget hearing will be held at the Education Support Center on Aug. 28.
No final budget vote occurred that night; Nava asked board members to review materials ahead of the public hearings and adoption vote expected at a later meeting.
