Paradise Valley board approves proposed FY2025-26 budget, schedules final adoption hearing

The Paradise Valley Unified School District Governing Board on Thursday approved a proposed $483 million fiscal year 2025-26 expenditure and revenue budget and scheduled the statutorily required public hearing and final adoption roll-call vote for June 19.

Board members voted to approve the proposed budget after a presentation by Chief Financial Officer/Chief Business Officer (presenter) Melissa Barrigan, who reviewed revenue assumptions, expenditure factors and property-tax estimates that will be finalized after the state budget is set. The board’s action adopted the proposed budget for the public-notice and truth-in-taxation process; the district must adopt its final budget before July 15.

Why it matters: The proposed budget establishes the district’s spending plan and the figures to be published in the public notice required for the one-time adjacent-ways levy. Barrigan said the levy to support adjacent-ways projects totals $1,075,000 and represents about 0.22% of the district’s budget; the budget presentation showed an overall decrease in the combined tax rate relative to the current year.

Barrigan…