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Speedway board advances 2026 budget to town council; district proposes $22.35M education fund and seeks to hold tax rate near $1.17
Summary
Board members consented to forward a proposed 2026 school budget to the Speedway Town Council on Aug. 12. The district presented five funds and tax-rate estimates, including $22,349,870 in proposed education fund revenue and a targeted overall school tax rate around $1.17.
On Aug. 12 the Town of Speedway Board of Trustees reviewed the proposed 2026 school budget and by consensus agreed to advance it to the Speedway Town Council for consideration.
The district's presenter said the education fund remains the largest revenue source and that estimated education-fund revenue and appropriations total $22,349,870. "The number 1 revenue source is the state support," the presenter said, adding that average daily membership (ADM) drives state funding. The presenter also said the district includes summer-school revenue, cell-tower payments, ECA revenue,…
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