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District budget proposes 9-mill operating increase as ESSER funds expire
Summary
The district presented a 2024-25 budget that includes a planned 9-mill operating increase, teacher pay-scale changes and a projected $778,116 shortfall the presenter said would be covered by fund balance; the public hearing closed with a voice vote.
The district presented its proposed 2024-25 operating budget, including a plan to pursue a 9-mill increase in operating millage, as federal ESSER grants that funded positions expire in September 2024.
The presenter said the board's direction from prior work sessions is to recapture 7.6 mills left from last year and capture 1.4 mills of this year's allowable increase to reach a 9-mill increase for the operating budget. "Our ESSER funds expire in September 2024," the presenter said, noting the district must decide whether to continue positions previously funded by ESSER through the general fund or other sources.
Why it matters: the district projects $67,365,188 in revenues and $68,143,304 in proposed expenditures for 2024-25, leaving a shortfall of $778,116. The presenter said the district would use fund balance to balance the budget and pointed to a fund-balance policy that sets a floor at 17% of general fund expenditures.
Details and context: the presenter…
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