Nashville School District previews budget with $1.9M building-fund transfer, projects and staffing caution

Speaker 1 opened a budget workshop for the Nashville School District and reviewed projections and proposed additions to next year's budget, saying the district will present a formal budget for approval at the next regular board meeting.

The district's assessed property value rose, Speaker 1 said, from $179 million to $184 million, and the state's 98% guarantee on the foundation formula means the district will receive a guaranteed URT payment of $4,526,828 if local receipts fall short. ‘‘You're guaranteed to the penny,’' Speaker 1 said of the state guarantee, adding the board will be able to project revenues with more certainty.

Speaker 1 described a set of proposed capital additions: $37,822 to redo and reseal the high-school parking lot by the football field and $21,000 to reseal and restripe the primary school lot for safety and clearer lane markings. He also reported a contractor bid of about $77,000 to regrade the hillside north of Scrapper Stadium and install riprap behind the Jumbotron, and said the tennis-court contractor is scheduled to begin work the week of the board's next…