Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Twin Valley SD previews $77.9 million preliminary budget, proposes average 2.71% tax change
Summary
Twin Valley School District presented a preliminary 2025–26 budget totaling about $77.9 million, citing salary and benefit increases, higher retirement and health costs, rising cyber charter payments and transportation costs; staff will monitor assumptions and return a final proposal before the June adoption date.
The Twin Valley School District publicly presented a preliminary $77.9 million budget for the 2025–26 school year at its March 10 work session, with staff warning the figures remain subject to change before final adoption in June.
Finance presenter Richie told the board the major expenditure drivers are contractually required salary increases (about 3.8%, roughly $1.1 million), an estimated 8% rise in medical insurance premiums (a net impact the presenter described as roughly $393,000), and a certified employer retirement (PEASERS) rate of 34% that raises the budget by about 5.3% (approximately $500,000). Other upward pressures include a 21% projected increase in cyber charter costs tied to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
