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Cornwall-Lebanon proposes 2025–26 budget that would use fund balance, raise millage
Summary
District staff presented a proposed final 2025–26 budget showing a projected gap and recommended a proposed tax increase and other budget elements for board action next week.
Cornwall-Lebanon School District presented a proposed final budget for 2025–26 at its May 12 work session showing a projected shortfall that staff said would require use of fund balance and a proposed tax increase.
The presenter said total expenditures were projected at "not quite $110,000,000" and total revenue at about $106.5 million, leaving a gap of approximately $3.3 million. To balance the budget staff proposed using assigned fund balance and a 4.8% tax increase; staff quoted a proposed millage of 19.269.
Why it matters: staff said the proposed budget reflects substantial…
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