Springfield SD approves proposed 2025-26 budget with 2.95% millage increase, $600,000 gap

The Springfield School District Board of School Directors voted 8-0 April 20 to approve the district's proposed final general fund budget for fiscal year 2025-26, which includes a 2.95% millage increase and a projected $600,000 shortfall the district plans to address with fund balance.

The budget matters to taxpayers and district operations because it sets the district's tax rate, staffing and program funding for the coming year and frames a final budget that will be adopted after further review at the board's May meeting.

The budget presentation was given by Miss Musloski (finance presenter), who told the board that "the 20 five-twenty 6 proposed final budget is in a $600,000 deficit." She said rising costs for goods and services and a decline in assessed real-estate values drove the gap and that the district is proposing a 2.95% tax increase to help close it. Musloski said the district will "use fund balance to balance the budget" if necessary and that staff will continue to review and reduce expenditures before the final budget presentation in May.

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