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Marshalltown School Board warned of possible property tax increase as enrollment falls; $2 million in cuts targeted
Summary
District finance staff told the board the district may face a higher property tax levy for FY27 because of declining enrollment, lower-than-expected state supplemental aid and rising special-education and ELL costs; administrators identified $1.5 million of a $2 million general-fund reduction target without staff layoffs so far.
Marshalltown Community School District officials told the board on Feb. 16 that the district faces a tighter FY27 budget, driven by declining enrollment and uncertainty about state supplemental aid (SSA).
Randy Denham, the district's business officer, said the Iowa Senate's proposal (Senate File 2201) recommended setting SSA at 1.75 percent, below the governor's 2 percent proposal and a House draft still under consideration. "The Senate recommendation is setting SSA at 1.75%," Denham said, adding that the district would still be on the state's budget-guarantee with the likely numbers.
Why it matters: Denham said the combination of falling enrollment and a low SSA projection would trigger the budget guarantee mechanism, which is funded by property tax and effectively limits the district's new…
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