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Thompson School District board adopts 2025–26 budget, approves Monroe sale spending and $25 million cash‑flow authorization
Summary
The board adopted the 2025–26 budget and several related financial measures June 18, approving a plan for proceeds from the Monroe Elementary sale, authorizing up to $25 million in an interest‑free state cash‑flow loan, and clearing a slate of contracts and expenditures over $50,000. Votes on the Monroe proceeds and some expenditures were 6–1.
Thompson School District R‑2J on June 18 adopted its 2025–26 budget, approved a list of project budgets and contracts funded by proceeds from the recent sale of Monroe Elementary School, and authorized the district to seek up to $25 million through Colorado’s interest‑free cash‑flow loan program to cover timing gaps in property‑tax receipts.
Board members also approved a set of contracts and expenditures over $50,000 that included projects referenced in the Monroe proceeds list. The board approved the project budgets and contracts for the Monroe proceeds 6–1, and approved the expenditures over $50,000 by the same margin; one board member voted no on each of those items. Resolutions adopting the budget, appropriating funds for 2025–26 and authorizing use of beginning fund balances passed by roll calls recorded as unanimous.
The actions…
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