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Rice Lake board adopts $58.4 million 2025–26 budget, approves $21.8 million tax levy
Summary
The Rice Lake Area School District board approved the 2025–26 all-funds budget of $58,428,368 and adopted a tax levy of $21,806,899, citing lower state aid and local valuation changes as drivers of the levy increase.
The Rice Lake Area School District board on Monday approved its 2025–26 all-funds budget of $58,428,368 and adopted a tax levy of $21,806,899 for the fiscal year beginning July 1, 2025.
During the meeting the board recited fund-by-fund totals included in the resolution: a general fund (Fund 10) budget of $34,788,299; special education (Fund 27) $5,817,038; non-referendum debt service (Fund 38) $471,827; referendum debt service (Fund 39) $1,457,000; capital projects (Fund 49) $900,000; food service (Fund 50) $1,326,921; and…
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