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Burlington School Board hears FY25 budget update; district projects tax-rate increase below 5% under current assumptions
Summary
District leaders said updated state data (a preliminary +5% long-term weighted ADM and other variables) improved the budget outlook and projected a tax-rate increase under 5%. The board discussed $2.4M in available one-time fund balance, RISE allocations, and proposed enrollment-driven reductions.
District leadership presented Round 3 of FY25 budget development at the Dec. 10 meeting, outlining updated state variables, projected fund balance and proposed reductions.
Executive Director Labrie said the district is proposing a budget "slightly below level service" while keeping an eye on multi-year impacts and taxpayer burden. Financial staff reported a preliminary audit position indicating about $2,400,000 in available one-time fund balance from FY24 to support the FY25 budget but cautioned that amount is not guaranteed in future years.
Nate (executive…
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