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Board reviews 2025'6 budget with 3.5% millage increase and debates municipal planning outreach
Summary
Finance staff presented the 2025'6 final budget featuring a proposed 3.5% millage increase, a projected shortfall to be covered from fund balance, and homestead/farmstead relief adjustments; trustees also discussed engaging townships about municipal planning and the long-term tax base.
District finance staff presented the proposed 2025'6 final budget showing a 3.5% millage increase (reduced from a 4% proposal) and a projected budget shortfall that the administration proposes to cover with committed fund balance.
Speaker 5 summarized the budget changes: a $325,000 decrease in real-estate tax revenue due to assessed value changes, expenditure savings from a successful fuel bid and lower insurance premiums, and an overall revenue estimate of $52,774,748. Expenditures presented as $259,399,000 (transcript wording included a…
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