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Board hears budget update; presenter calculates 3.11% tax‑cap for 2026–27
Summary
District finance presenter calculated a preliminary tax‑cap of 3.11% for 2026–27 (tax‑base growth factor 0.35%), showed revenue scenarios and said reserves (about $3.8M) are currently supporting operations; March 1 is the comptroller submission deadline.
The district's finance presenter walked the board through a tax‑cap calculation and three revenue scenarios, saying the preliminary tax‑cap is 3.11% for the 2026–27 fiscal year with a tax‑base growth factor of 0.35%.
"This point 35%...that's our tax based growth factor," the presenter explained, describing how new property added to the tax base reduces the direct taxpayer impact. Using the growth factor,…
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