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DC Everest board adopts $113.18 million budget and approves stadium video/audio project funded by sponsorships

DC Everest Area School District Board of Education · October 23, 2024
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Summary

The DC Everest Area School District board adopted a $113,184,712.47 budget and authorized multiple property-tax levies; trustees also approved a sponsorship-funded video and audio upgrade for Steam Stadium, with the district covering upfront costs and tracking repayments in Fund 21.

The DC Everest Area School District Board of Education on Oct. 22 adopted a $113,184,712.47 budget for the 2024–25 fiscal year and authorized several property-tax levies to support operations, energy debt service, referendum debt service and community-benefit programs. The board also voted to move forward with a sponsorship-funded video and audio upgrade for Steam Stadium.

The budget resolution, which the board presented following statutorily required notice and a public hearing, authorizes collection of $12,967,946 in general property taxes, $2,035,750 for Fund 38 energy-efficiency debt service, an additional $10,476,894 to cover referendum debt-service obligations, $450,000 for community-benefit programming, and $4,954 for prior-year property tax chargebacks. The motion passed on a roll-call vote with trustees Shannon, Yi, Katie, Larry and the presiding officer recorded as voting yes.

Why it matters: the adopted levy sets tax…

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