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Tecumseh Public Schools board adopts final 2024–25 budget, approves proposed 2025–26 budget and tax rates
Summary
After a detailed budget presentation, the board approved the 2024–25 final budget amendment, the proposed 2025–26 budget and the district's L-4029 tax rate request; staff cited carryover grant funds and state adjustments that offset local property tax reductions.
Mrs. Glenn, who led the evening's budget hearing, told the board that adjustments since the first budget amendment are driven largely by local tax tribunal rulings, carryover grant allocations and year'to'date expenditures.
"Local taxes went down from 4.1 million to 4 million," Mrs. Glenn said, and she explained that the state'funding formula increases the district's foundation allowance to make up certain property tax shortfalls. She also noted federal grant carryovers and additional state allocations that raised those revenue lines.
Mrs. Glenn presented final FY24–25 totals of $35,388,588 in incoming revenue and $34,454,485 in expenditures, leaving a projected surplus of $934,103 and an estimated general fund ending balance. For the proposed FY25–26 budget she said total estimated revenue is $33,416,779 and expenditures $33,034,861, a projected surplus of $381,918 and a projected ending fund balance of roughly $3.96 million.
Board members asked about specific line'item swings, including facilities (400 series), transportation and preschool program funding. Mrs. Glenn said the facilities increase resulted from a mix of ESSER, 31A and section 97C dollars and that transportation was adjusted after actual year'to'date invoices and an 8% contract increase.
The board moved and seconded the required adoption motions. By roll call vote the board approved the FY24–25 final budget amendment and the FY25–26 proposed budget as presented. The meeting packet included the legally required L-4029 truth'in'taxation documentation, and trustees approved the 2025 tax rate request tied to that form.
The board also reviewed special funds during the hearing: the pool fund (final budget revenue $237,706; expenditures $210,967; projected fund balance $32,445), food service (FY24–25 revenue $1,568,931; expenditures $1,536,617; projected FY25–26 fund balance decline to meet fund balance policy), debt service, capital projects and a new sinking fund for FY25–26.
