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RSU 04 budget workshop: state formula boosts subsidy but higher valuations raise required local taxes
Summary
Board members heard that ED 279 changes yield a roughly $330,000 increase in state subsidy but higher property valuations mean the district must raise substantially more local dollars; combined town assessments would mean an estimated districtwide tax assessment increase of about 4.58%.
The RSU 04 school board on Tuesday reviewed a draft FY27 budget that, staff said, produces a net increase in state education subsidy but also raises the district's required local contribution because of higher town property valuations.
Staff summarized changes to the ED 279 funding formula that will affect next year’s allocation. "Our EPS rates are up, which is a positive impact," the presenter said, "but the total valuation for the three towns has increased significantly, so the required local is up." The board was…
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