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Greendale board reviews preliminary 2024–25 budget after larger-than-expected state aid projection
Summary
District finance staff told the board a July update to state equalization aid increased projected revenue, giving the board options to keep the levy flat, prepay debt, or fund about $428,300 in community capital projects such as playgrounds and field repairs.
Greendale School District finance staff presented a preliminary 2024–25 budget update and outlined options for using a larger-than-expected increase in state equalization aid.
Jonathan Mitchell (staff member) told the board that the July projection for state equalization aid rose by about $1,343,488 versus earlier estimates, which reduces the share of the district’s revenue limit that would need to come from the local tax levy. Mitchell said that under that projection the tax levy could remain flat while still…
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