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Board approves preliminary FY26 budget and tax rate; officials cite reassessment and revenue-neutral aim
Summary
Seaford School District trustees approved a preliminary FY26 budget and tax-rate filing on June 16, with staff stressing the apparent drop in rate reflects county property reassessments and is intended to be revenue-neutral; final budget will follow state budget and unit-count finalization.
SEAFORD, Del. — The Seaford School District Board of Education on June 16 approved a preliminary fiscal year 2026 budget and the district's tax-rate filing, pending final state budget action and county reassessment reconciliation.
Finance staff presented packet figures and told the board that county property reassessments required recalibrating the tax rate so the district's revenue would be effectively neutral despite large changes in assessed property values. In the meeting packet staff highlighted the tax rate figure presented for FY26 (noted in materials as 0.3104 per $100 of…
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