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Brighton board approves tax‑cap levy limit after budget briefing that flagged $5M retiree insurance jump
Summary
Board approved the tax-cap levy limit after a detailed budget presentation that showed a tax-levy limit of $62.46M (1.95% increase) and revealed an updated Aetna quote raising retiree-health insurance projections roughly to $5 million (a 117% increase).
Lou presented the district’s tax-cap calculation and revenue outlook, telling the board the tax-levy limit calculation sits at $62,460,000 — about a 1.95% increase from the prior year — and that the combined tax-cap and foundation-aid formulas translate to limited local revenue flexibility. "That's where that 2% nomenclature came from," Lou said while explaining the formula's components and how inflation and restricted capital funding affect usable revenue.
Lou told trustees…
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