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Easton finance team presents preliminary budget framework; board tables adoption and hears public comment on $7 million TIF revenue
Summary
The districtfinance presenter reviewed a proposed general fund budget that would set a 72.17 mill rate (3.5% increase) and use a $7 million TIF payment toward capital; the board voted to table adoption of the preliminary budget to the regular meeting and public comment recapped the TIF origin.
The Easton Area School District finance team presented a preliminary general fund budget and timeline for adoption Tuesday, telling the board the proposal would require a millage increase and rely on several revenue assumptions, including a one-time $7 million payment from a local tax increment financing (TIF) arrangement.
The finance presenter (Mr. Trent) said the draft budget being worked toward would result in a 72.17 mill rate for 2025–26, a 3.5 percent increase over the prior year, and that the plan in its present form does not rely on drawing down the districtfund balance. "This has no fund balance," the presenter said while describing the proposal, and he explained the proposed increase was intended to produce available capacity to begin a multi-year capital program while preserving operating reserves.
Board action and schedule At the start of the special meeting the board voted to table…
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