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Colonial School District board adopts $162.998 million proposed final budget, raises millage to 26.495 mills
Summary
The Colonial School District board approved the proposed 2025–26 final budget totaling $162,997,782, including a 0.817-mill real-estate tax increase to 26.495 mills and use of $1,000,000 from fund balance; the board will consider a final budget action at its June 9, 2025 meeting.
On April 10, 2025, the Colonial School District Board of School Directors approved the district's proposed final budget for fiscal year 2025–26, a spending plan totaling $162,997,782 that includes a real estate tax rate of 26.495 mills and the planned use of $1,000,000 from the fund balance.
The action followed a finance committee review and a board motion to approve and adopt the proposed final budget. The board discussed the headline figures presented by the finance committee and then voted to approve the proposal. The board will consider a final budget for adoption at its regularly scheduled June 9, 2025 meeting.
Why it matters: The 2025–26 proposed final budget represents an increase of $4,823,086, or 3.5 percent, over the 2024–25 spending plan. The real estate tax increase of 0.817 mills (3.18 percent) was estimated in board remarks to equal an additional $81.66 per year for each $100,000 of taxable assessed value and an increase of $126.21 on the district's stated median assessed homestead value of $154,555.
Board remarks and details: The finance committee presented the budget document and noted the district will make the budget available for public review in the district business office and on the district website. The motion to approve and adopt the proposed final budget was seconded and approved by the board during the April 10 meeting.
What was included in the presentation: The committee noted the total proposed spending, the millage change to 26.495 mills, and the planned $1,000,000 use of fund balance. The presentation stated the proposed budget would be open for public review and that the final budget would be acted on at the June 9, 2025 board meeting.
Next steps: The district will post the 2025–26 budget document for public review and return to the board on June 9, 2025 for consideration of a final adopted budget.
