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Portage Township School Board adopts 2025 budget, capital plan, bus replacement plan and approves SRO MOU and grants

Portage Township School Board · October 15, 2024
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Summary

The Portage Township School Board approved multiple resolutions including the 2025 capital projects plan, bus replacement plan, appropriations and tax rates, and a $6.4M (authorized) transfer from the Education Fund to Operations; the board also approved an SRO MOU, two grants totaling $61,273.50 and several contracts and membership dues.

At a regular Portage Township School Board meeting, trustees approved a package of 2025 budget and operations resolutions, accepted state grants and authorized several contracts and agreements.

Adopted budget and tax rates: Administrators read Resolution R19-2024 to adopt fund-by-fund budgets and tax levies. The superintendent reported the district’s adopted totals—rainy day fund $4,000,000; debt service fund $12,000,299 (adopted levy $10,430,580); school pension debt $664,384 (levy $664,384); education adopted budget $55,325,500; operations adopted budget $25,141,300—yielding a total adopted budget of $97,131,483 and an adopted tax levy of $25,393,964. The board moved to approve Resolution R19-2024 and carried the motion by roll call.

Capital projects and buses: The board adopted Resolution R17-2024 (2025 capital project plan) and Resolution R18-2024 (bus replacement plan), each read into the record with citations to the…

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