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North Marion SD 15 budget committee approves $41.4 million 2025–26 budget, sets $3.33 tax rate
Summary
The North Marion School District budget committee approved the proposed 2025–26 budget totaling $41,423,369 and passed a resolution imposing a permanent tax rate of $3.33 per $1,000 of assessed value; the measures passed by voice vote during the committee's meeting.
The North Marion School District budget committee approved the proposed 2025'26 budget and imposed a permanent tax rate of $3.33 per $1,000 of assessed value at its budget committee meeting, which the chair opened at 06:01 and adjourned at 06:56.
The committee voted by voice to approve the proposed budget, presented in the meeting materials as a $41,423,369 total across all funds, with a $27,172,202 general fund component. Speaker 3 made the motion to approve "the proposed 2025 budget in the amount of the 41,423,369 as presented"; the motion was seconded and passed by voice vote with no roll-call tally recorded in the transcript.
The committee also passed a resolution imposing and categorizing taxes for fiscal year 2025'26, setting a permanent rate of $3.33 (three and one-third dollars) per $1,000 of assessed value for operations and listing $2,390,247 as the amount for debt service on general obligation bonds. The resolution text was read aloud and approved by voice vote.
Why it matters: The adopted budget and tax rate set the district's financial plan and revenue authority for 2025'26 and include contingency and reserve decisions intended to bridge projected enrollment declines.
What the committee discussed: Members and staff reviewed revenue assumptions and fund balances before voting. The budget materials and presentations highlighted a planned $777,000 operating contingency, a $500,000 unappropriated ending fund balance, and budgeting to reflect a projected state school fund allocation of about $19,306,204. Staff explained that the full appropriation and final adoption will occur at the board meeting, while the committee's action approves the proposed budget as presented to the committee.
Procedure note: The transcript records voice votes for both the budget approval and the tax resolution; no roll-call vote or per-member tally appears in the meeting record.
