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Interboro Board adopts $94.0 million budget, approves 2.85% tax increase
Summary
The Interboro Board of School Directors on June 10 adopted a $94,032,442 general fund budget for 2026–27 that raises the millage to 26.9777 mills, a 2.85% tax increase. Presenters said salary and benefits account for roughly 73% of expenditures and the district applied for a $2.5 million facilities grant; the roll call vote was 9–0.
Miss Riley and Justin Heiskell presented the Interboro School District’s proposed final general fund budget for July 1, 2026–June 30, 2027, and the board adopted the plan by a 9–0 roll call vote.
Justin Heiskell, finance chair, said current real estate taxes account for roughly 52% of total revenue and that state revenue represents about 38%. He identified salary and benefits as the district’s largest expenditure, about 73% of total spending. The presenters said the district expects a total fund balance of $19.4 million, of which $11.4 million is already committed, and an estimated $1 million deficit for 2026–27 tied to current projects.
The board approved proposed expenditures of $94,032,442 and a millage increase of 0.7475 mills, resulting in a new millage rate of 26.9777. The package represents a 2.85% tax increase; presenters estimated the average Interboro household (assessed about $152,000) would see roughly a $114 annual increase (about $9–$10 per month). The adoption (motion 8.01) passed on a roll call with Miss Boyle, Mr. Monaghan, Mr. Cleaver, Miss Wilkin, Mr. Willis, Mr. Harris, Mr. Goldsborough, Mr. Evans and Mr. Shivone voting “Yes.”
Presenters outlined capital and facilities work planned for the coming year, including sensory rooms, gym floor refinishing, new furniture and playground updates. They said a facilities improvement grant application seeks funding to add gym HVAC and to replace boilers; the project total was described as about $2.5 million (roughly $1.5 million for boilers and about $1.0 million for HVAC). If the full grant is awarded, the district would be responsible for 25% of the cost — approximately $626,000 — and said it recommended using committed fund balance to cover the district share. Grant award notifications were expected by November.
Miss Riley said the budget preserves student programs, support services and extracurriculars without cuts, and that the district has used fund balance strategically for capital work rather than ongoing operating costs. The board’s approval completes the district’s formal budget adoption steps for 2026–27.
