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District outlines first budget preview; staff explains tax-cap math and building-aid timing
Summary
District staff delivered the first 2025–26 budget presentation, explaining key revenue drivers (tax levy calculation, state aid and reserve funds), cost drivers (salaries, benefits, special education, debt service) and the timing of building-aid reimbursements.
District staff presented the first look at the 2025–26 budget, explaining how revenues and expenditures are calculated and identifying near-term items that will affect the proposed tax levy.
A presenter identified as a finance staff member explained that allowable tax levy growth is calculated from the prior-year levy after adjustments for tax base growth and exclusions; the commonly cited 2% figure is applied as the allowable levy growth factor. The staff member noted that December 2024 CPI was 2.9% and that the district must reconcile CPI, the tax-cap…
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