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Londonderry board retains $3.4M in fund balance, earmarks $2M toward district office project and returns $1.37M to taxpayers
Summary
The board voted 5–0 to retain $3.4 million in undesignated fund balance for FY25, earmarking $2.0 million for a prospective district office project with the town and returning roughly $1,369,678.74 to reduce the tax rate. The business administrator presented FY25 year‑end results showing stronger than expected revenue and lower spending.
The Londonderry School Board voted unanimously on Sept. 2 to retain $3.4 million in the district’s undesignated fund balance for fiscal year 2025, including an earmark of $2.0 million toward a district office project under discussion with the town. The board also authorized returning approximately $1,369,678.74 to taxpayers as part of the calculation used to set the 2025 tax rate.
Business Administrator Amity presented the district’s FY25 fourth‑quarter and year‑end numbers, reporting roughly $900,000 in unanticipated revenue (including…
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