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Springfield Township SD finance committee will present 3.5% proposed tax increase and $78.1M budget to full board
Summary
The Finance Committee reviewed a proposed final 2026–27 budget that would raise taxes by 3.5%, use about $715,666 of fund balance, and fund $78.1 million in expenditures; committee members agreed to present the proposal to the full board on April 21 for the required 30‑day public review before a June 16 final vote.
The Springfield Township SD Finance Committee on April 16 reviewed a proposed final 2026–27 budget that would increase property taxes by 3.5%, anticipate $78.1 million in expenditures and draw roughly $715,666 from the district’s fund balance to bridge a projected revenue shortfall.
Cara, a staff member leading the finance presentation, told the committee that year‑to‑date revenue collections are pacing ahead of expenditures and that the district had collected about $65.3 million to date, but that property‑tax receipts occur July–December and some revenues "trickle in" later in the fiscal year. Cara said the proposed final budget shows anticipated revenues of about $77.4 million and anticipated expenditures of about $78.1 million, leaving a planned fund‑balance use of about…
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