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Summit board approves tentative FY27 budget with 4.93% tax-levy increase; county review set
Summary
The Summit Board of Education and Board of School Estimates approved a tentative $3.7 million (4.93%) increase in the local tax levy for fiscal year 2027 on March 18, citing higher health-benefit costs and program restorations; the budget includes $850,000 in capital-reserve withdrawals and returns to a final hearing March 26.
Summit school leaders approved a tentative fiscal year 2027 budget on March 18 that raises the local tax levy by $3.7 million, a 4.93% increase over the prior year.
Superintendent Scott Huff presented the budget as a plan to preserve instructional quality and maintain key programs while addressing rising costs. Assistant business administrator Cathy Sarno told the board state aid came in about 3% lower than the prior year and that health-benefit premiums were a major driver of the increase. The resolution adopted by the board records a $2,227,161 adjustment to cover increased health-benefit premiums.
The board also authorized withdrawals from district reserves: $850,000 from capital reserve (including $600,000 for a Summit Middle School generator, $150,000 for a hot-water-heater replacement at Summit High School and $100,000 for district architect/engineering fees) and $50,000 from the…
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