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Park Hill leaders say bond sales drive 2025–26 revenue spike; warn of lower recurring revenue next year
Summary
Dr. Kelly told the board the district expects near $400 million in revenue for 2025–26 driven by one‑time bond sales (Proposition I and O) and that working operational revenue will drop in subsequent years as bond proceeds are spent down; trustees discussed potential impacts from a Platte County homestead freeze and pending state income‑tax changes.
At its April 23 meeting the Park Hill Board of Education received a revenue‑focused budget briefing from Chief Financial Officer Dr. Kelly, who explained why district revenue will look markedly different across the next several years.
Dr. Kelly said the district budgeted $387,000,000 last year but now expects to be ‘‘right at $400,000,000’’ for the 2025–26 year, driven largely by noncurrent (bond) revenue. He described noncurrent revenue as bond proceeds that appear in years different from when the district spends them and said Proposition I (passed April 2022) and Proposition O (approved April 2025) together account for large, one‑time…
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