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Blackhawk SD reports small surplus; Act 1 millage resolution on agenda
Summary
The Blackhawk School District finance director reported a roughly $130,000 surplus for the fiscal year compared with a budgeted $840,000 loss and outlined preliminary 2026–27 revenue projections and an Act 1 millage resolution limiting next year’s tax increase to a 4.7% maximum.
The Blackhawk School District’s finance presenter, Mrs. Bludorn, told the board on Jan. 15 that the district closed the fiscal year with a surplus of about $130,000 despite a budgeted loss of roughly $840,000.
"We had a surplus of about $130,000 which was compared to our budgeted loss of 840,000," Mrs. Bludorn said, attributing the swing largely to revenue side variances including healthcare account closures offset by a $1,900,000 transfer to the capital fund and stronger-than-expected tax and subsidy receipts.
She detailed revenue contributors: approximately $900,000 in higher-than-anticipated real-estate tax income, about $400,000 more in subsidies, roughly $600,000 additional retirement and Social Security-related reimbursements, and positive interest income near $260,000. On the expenditure side, she flagged variances such as CTC tuition and cyber charter costs but called the net position "a positive outcome for the district for the year."
Looking ahead to the 2026–27 preliminary budget, Mrs. Bludorn said projected revenue is about $44.9 million, an increase of around $900,000 over the prior year that includes an adequacy adjustment to the Ready to Learn block grant of about $630,000 and a potential $500,000 in real-estate tax revenue tied to millage decisions. She noted the district is presenting an Act 1 resolution that sets a maximum allowable tax rate increase at 4.7 percent, and said that final spending and more refined numbers will be available after February’s cut-off on requisitions from schools.
"February is typically when we cut off spending, so we'll have a much more accurate numbers after that happens," she said. The board was told the administration will continue department budget reviews before returning with updated figures.
The finance presentation closed with the administration’s pledge to present a more detailed budget timeline and to bring department-level reviews to the board in the coming weeks.
