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Madison County Board adopts 2024–25 working budget, cites SEEK shortfall and larger contingency
Summary
After a detailed presentation by district finance staff, the Madison County Board of Education approved its 2024–25 working budget, citing a $909,000 projected SEEK reduction, a one-time $1.26 million tier 1 adjustment, and a contingency of $11.9 million (about two months of payroll).
The Madison County Board of Education voted to adopt the district’s 2024–25 working budget following a presentation by Mark Woods, who told the board this was the third time members had reviewed the draft.
Woods said the budget relies on beginning fund balances and carryovers and reflected a roughly $1 million drop in assessments compared with the prior year. He told the board the district would hold motor vehicle tax estimates steady and project utilities tax revenue…
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