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Tell City‑Troy Twp School Corp to Advertise Proposed 2026 Budget; Board Authorizes Limited Staff Budget Adjustments
Summary
The Tell City‑Troy Twp School Corp reviewed proposed 2026 budgets — education, operations and debt service — authorized public advertisement and approved a resolution permitting staff to make limited budget adjustments after state review. Key figures: rainy day $450,000; education ask $12,000,000; proposed debt rate 0.6703.
The Tell City‑Troy Twp School Corp discussed and authorized public advertisement of its proposed 2026 budget and approved a standing resolution allowing staff to make certain budget adjustments recommended by state reviewers.
Presenter summarized three proposed funds: a rainy day fund with no tax levy and a requested liquidity of $450,000; a debt service fund now focused on bonds (the school pension bond payments have ended) with a reported cash balance of $800,000 and an end‑of‑year estimate listed as “500” in the packet (units not specified in the transcript); and education and operations accounts driven by average daily membership and state adjustments.
The board was told the public hearing on the budget will be held Tuesday, September 9 at 6:30 p.m., with adoption expected at the regular meeting on Oct. 14 at 6:30 p.m. The presenter said the district requested an education budget of $12,000,000 (about $250,000 above last year) and described how student counts and count days (October and February) affect state disbursements.
On tax rates, the presenter said the proposed 2026 debt service rate is 0.6703 and referenced a proposed operations rate of 0.9176; the transcript also notes a previously requested combined rate of about $1.64 versus a rounded proposed request of $1.59, but the presenter emphasized the state will apply property tax caps that typically lower the official rate (last year’s official rate cited as 0.9974). The presenter cautioned that circuit breaker (tax cap) impacts will grow in coming years, and said a recent bond refinancing will help address building needs so operations dollars can remain focused on daily services.
Board members were asked to approve a routine resolution that authorizes staff to adjust the budget as needed based on state review and recommended changes (this allows those administrative revisions without calling a special board meeting). A motion to adopt the resolution carried by voice and was announced as passing 5‑0 in the transcript; the mover and seconder are not specified in the record provided.
The meeting packet and the presenter’s review served as the primary record for the budget figures referenced. Next procedural steps noted by the presenter were: advertise the proposed budget, hold the public hearing on Sept. 9, and consider formal adoption at the Oct. 14 meeting.
