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Bloomfield Hills Board holds tax-rate hearing, adopts 2025–26 budget with $1.9 million structural gap
Summary
The Bloomfield Hills Schools Board of Education on June 16 held a required public hearing on property tax millages and adopted the district's original 2025'26 budget, a plan that projects about $108 million in spending, roughly $106.2 million in revenue and an approximately $1.9 million structural gap to be covered in part with fund balance.
The Bloomfield Hills Schools Board of Education on June 16 received a public hearing on proposed 2025–26 property tax rates and adopted an original budget for fiscal year 2025–26. Assistant Superintendent of Business Services Candace Moynihan presented the tax-rate disclosure required by state law and summarized the district's revenue and expenditure projections before the board voted to adopt the budget as required by law.
Moynihan told the board the district will levy 18.0 mills for general operating purposes on nonhomestead (nonresidential) property, and a residential (hold-harmless) operating millage she listed as 4.3836 mills. The district will also levy 2.75 mills for debt service and a sinking-fund millage of 0.6907 mills (sinking-fund millage is subject to rollback rules, Moynihan said). Moynihan paused for board questions before presenting the budget numbers.
Why it matters: the district is projecting lower state and local revenue driven by declining enrollment and shifts…
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