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Board approves advertisement of 2026 budget as finance director warns of appropriation shortfall

Edgewood School Corporation regular school board meeting · August 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance director Paul Fitter recommended advertising the 2026 budget; he highlighted a permitted 4% operations levy increase for 2026, a larger property tax credit estimate, and an education fund appropriation shortfall expected to require an additional appropriation in the fall.

The Edgewood School Corporation board voted to advertise the 2026 budget after a detailed review by Paul Fitter, who outlined how recent legislative changes and estimated tax credits affect the district’s levy and appropriation needs.

Fitter told the board that Form 3 (the advertised budget form on the state’s Gateway site) shows an estimated school operations maximum levy of…

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