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District previews budget; Act 1 index caps potential tax increase at 4.1% (about $457,000)
Summary
District staff previewed a draft budget and warned payroll pressures push preliminary costs above the Act 1 index cap; the Act 1 index for Fairfield is 4.1%, which staff said would generate roughly $457,000 in new revenue and set a timeline for May and June votes.
The district's budget presenter told the board the state Act 1 index limits how much local school districts can raise property taxes, and for Fairfield the index is capped at 4.1% this year. The presenter said a 4.1% increase would generate about $457,000 in additional revenue.
The presenter noted the district faces payroll pressures (collective-bargaining agreements, proposed new positions and projected increases in health-insurance costs) that could push…
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