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Germantown School District presents 2025–26 budget, highlights debt payoff, OPEB trust and enrollment trends
Summary
At the Oct. 28 budget hearing, district staff presented the 2025–26 budget and financial outlook, noting the payoff of an energy-exemption debt, the creation of an OPEB trust, increased state aid, and a modest decline in September membership. Officials also summarized capital reserves and special education funding.
District staff presented the Germantown School District’s 2025–26 budget and financial highlights at a public budget hearing on Oct. 28, 2025 at Germantown High School Performing Arts Center.
Director of Business Britney Altendorf reviewed prior-year outcomes: the district closed the 2024–25 school year with a general fund surplus of $180,000 and reported that two major borrowings were paid off last fiscal year — the 2015 energy-exemption borrowing (original investment $7,000,000) and a $3,500,000 borrowing for Rockfield Elementary School renovation. Altendorf said total expenses over the energy-exemption repayment period were approximately $8,300,000, with estimated cost avoidance of about $4,000,000; that exemption debt was paid off on April 1, 2025, and this reporting will be the last…
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