Central Valley SD presents final 2026–27 budget, tax resolutions and banking proposal

The Central Valley School Board on June 10 considered the district’s final general budget for the 2026–27 school year and supporting tax resolutions.

Mr. Ambrose presented the finance report, saying the budget “includes revenues of 48,637,410 and expenditures of 49,75,900” as read to the board. He also listed supporting tax resolutions, including a real estate tax of 11.2633 mills (described in the meeting as approximately a 4.5% change), a $5 local services tax, earned-income and mercantile rates as read, and a 1% real estate transfer tax. The meeting transcript contains unclear number formatting for at least two figures; the expenditures total listed above was not clearly stated in the recording and is noted as unclear in this account.

Mr. Ambrose also presented agenda items designating the district’s depositories for funds (cafeteria and student activity funds and others) and introduced a proposal from FNB for banking and treasury management services to begin July 1, 2026.

The meeting materials and Mr. Ambrose’s presentation identified a separate resolution, Resolution 2027-01, authorizing homestead and farmstead exclusion real-estate tax assessment reductions beginning July 1, 2026 under the Homestead Property Exclusion Program Act and the Taxpayer Relief Act.

The finance items were presented as agenda motions for board action; the meeting transcript records the presentation of these items but does not include roll-call votes or a recorded outcome for the budget or each named tax resolution in the work-session excerpt provided.

Next steps: the board listed these finance items on the agenda for approval; the transcript does not record whether formal votes were taken at this work session for the budget or the supporting resolutions.