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Cornwall-Lebanon school board to adopt $110 million final budget, sets 2025-26 millage at 19.2114
Summary
At its June work session the Cornwall-Lebanon School District presented a near-$110 million final budget for 2025-26, explained changes from the proposed budget and detailed continued pressure from cyber charter tuition and retirement costs; formal adoption is scheduled for the June board meeting.
The Cornwall-Lebanon School District presented its final budget proposal for 2025-26 at the June public work session, projecting a total budget just under $110 million and a proposed millage rate of 19.2114 mills.
District business officials told the board the proposed budget shows an Act 1 index adjustment of 4.489 percent and uses assigned fund balance for one-time needs, including a $1.9 million Ready to Learn grant and technology and retirement set-asides. Assistant business staff said projected revenues total about $106.8 million, leaving an estimated gap covered by assigned fund…
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