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Nooksack Valley board adopts 2025–26 budget with $165,000 shortfall; refinancing to save taxpayers $1.8M
Summary
The Nooksack Valley School Board on July 17 adopted the 2025–26 budget, projecting a $165,000 deficit and an 8.15% ending fund balance; board members noted a $2 million capital plan item for a turf field and a debt-service levy drop tied to bond refinancing.
The Nooksack Valley School Board adopted the 2025–26 budget on July 17, approving Resolution No. 1 after a brief public hearing and board discussion.
Superintendent Matt Galley presented the budget, saying the district expects 2025–26 expenditures of $39,390,000 against revenues of $39,224,000, producing a projected $165,000 deficit and a projected ending fund balance of $3,185,000 (about 8.15 percent). He told the board the 2024–25 ending fund balance was higher than earlier estimates at $3,350,000 (about 9 percent), driven by stronger-than-expected enrollment, higher transportation allotments and one-time supplemental revenues.
Galley said the capital projects budget is largely spent but includes anticipated revenue/expense of about $2,000,000 for a planned turf field project. He also reported the district refinanced bonds, reducing the debt-service levy by roughly $180,000 and yielding an estimated taxpayer savings of about $1.8 million over the next 10 years.
Board members discussed four-year projections and the uncertainty of forecasts beyond 2025–26 before closing the budget hearing. Director Steve Jones moved to adopt the budget; Director Tanya Silves seconded the motion and the board approved it unanimously, 5-0.
The budget adoption completes the district’s formal budget process for the coming school year. The board also approved a separate Resolution No. 2 establishing the imprest and change fund and took several routine administrative actions later in the meeting.
