Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PSD details first-year uses of debt-free mill levy; board told investments will be "transformational"
Summary
Officials outlined how the district plans to shift $21.5 million in existing operations into a new fund, allocate $22.9 million annually for facilities maintenance, dedicate $15 million for competitive wages and $4 million for small‑school support, and begin project work this summer.
Poudre School District R-1 on Feb. 11 gave board members a detailed update on the district’s first collection of the 2024 debt-free mill levy and the planned spending for fiscal 2025–26 and beyond.
Dave Montoya, the district chief financial officer, said the levy creates a dedicated fund (Fund M) that will allow the district to transfer existing operations and maintenance staffing and budgets — roughly $21.5 million — into the new fund and free general-fund dollars for wage and programmatic investments. "The debt free mill levy will provide an additional $22,900,000 that we currently are not spending toward [facilities maintenance], and that's gonna be transformational for this district as we move forward," Montoya said.
Montoya outlined the major allocations the district intends to support annually once the mill levy is fully in place: about $22.9 million for facilities maintenance (electrical, plumbing, HVAC replacements, building systems and fleet), $15.0 million put toward competitive…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
