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Littleton Elementary board adopts $52.91 million FY25 expenditure budget; tax rate estimate falls
Summary
The Littleton Elementary School District board adopted a $52,910,000 FY25 expenditure budget and an adjacent ways levy after a public hearing; the district projects modest enrollment growth and preliminary tax-rate relief driven by assessed-value increases.
The Littleton Elementary School District governing board on Wednesday adopted the district's FY25 expenditure budget and an adjacent ways levy after a public hearing required under state law.
Mr. French, who presented the budget to the board, said the district's proposed FY25 general budget limit is $52,910,000 and that the preliminary tax-rate estimate for FY25 is 4.6937, a decrease driven by strong growth in assessed values. "This is the same budget the board saw in June," Mr. French told the board during the hearing.
The presentation summarized key assumptions and figures: the administration built a statutorily required inflation adjustment into the base support level (using the 2% CPI assumption where applicable), raising the base support level to about $5,013 per weighted ADM; the district is estimating average daily membership (ADM) growth of 202 students (about 3.6%) for the coming fiscal year; and the transportation-route-mile reimbursement increased slightly (noted as a statewide adjustment). The district's revenue control limit calculation combines the base support level and transportation revenue control limit to reach roughly $41.55 million. Carry-forward from FY24 is estimated at $4.9 million, and the district plans a transfer of just under $200,000 to an energy/water savings fund. The M&O override figure presented was $6,230,000.
Mr. French also described assessed-value history and tax-rate context: assessed valuation growth in recent years included double-digit increases in several years and the preliminary FY25 rate is lower than last year, largely because the district's assessed value rose substantially. He noted a truth-in-taxation notice and the district's obligation to post comparisons for a $100,000 home with and without the levy. The presentation closed by inviting questions from the board and community; none were offered.
After the hearing, a board member moved to adopt the adjacent ways levy and the expenditure budget and to authorize M&O expenditures; the motion was seconded and approved by voice vote.
The board's action completes the public-hearing step required by ARS 15-905 for adopting a district budget. The administration may still make routine technical revisions later in the year as additional state allocations and final calculations are confirmed; the district's annual financial report will be filed with the state in October.
