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Tooele school board weighs tax options after FY25 budget tightens
Summary
After a preliminary FY25 budget showed a $3.8 million general fund shortfall, the district's business administrator said updated property tax growth and accounting adjustments balanced the budget; board members asked administration to model Truth in Taxation scenarios and per-household impacts before deciding whether to seek a tax increase.
Tooele County School District officials and board members debated whether to pursue a Truth in Taxation hearing after Business Administrator Lark Reynolds said the district's initial Fiscal Year 2025 budget showed a $3,800,000 general-fund deficit but that a revised draft incorporated about $2,000,000 in property-tax growth and fixed accounting oversights.
'By statute, we have to adopt the rate by June 22,' Reynolds told the board as he walked through the second version of the budget. He said version 2 also corrected omissions from version 1, including $50,000,000 of MBA bonds that had not been included in capital-projects estimates.
The dispute among board members…
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