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Troy district’s draft budget shows $4.1 million gap; leaders weigh reserves, tax levy and one‑time aid
Summary
District officials presented draft 1 of the budget, reporting a projected $4.1 million deficit, about $90.5 million in state aid, a potential 2.57% tax‑cap (yielding roughly $974,000) and a one‑time small‑city capital outlay aid of about $3.6 million; next steps include attrition, careful reserve use and state advocacy.
The Troy City School District presented its first draft budget for the coming year, reporting a roughly $4.1 million gap and laying out options officials will explore before a final vote scheduled for May.
A district presenter reviewed revenues and expenditures, saying the draft assumes continued funding of about 30 positions created with prior federal funds and projecting state aid in the vicinity of $90.5 million. The presenter said the draft includes a modest foundation‑aid increase (about $1.2 million in the presentation) but that…
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