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Board approves 2024–25 budget, holds levy rate at $9.20 per $1,000
Summary
After a detailed financial presentation on enrollment, state aid and revenue limits, the board approved the 2024–25 budget and maintained a levy rate of $9.20 per $1,000; members also discussed transfer-of-service revenue and voucher impacts on local funding.
The board approved the district’s recommended 2024–25 budget after administration outlined revenue-limit calculations, state-aid estimates and recent enrollment trends.
Administrators explained the three‑year rolling average the state uses for funding and noted recent declines in the district’s student cohort that affect future state aid. Staff reported a net increase in revenue from a transfer-of-service for high-needs special-education students (approximately $143,000) and confirmed recurring referendum receipts of $375,000. The proposed levy rate of $9.20 per $1,000 of equalized value was presented as unchanged from the prior year and was approved by voice vote.
Board members asked about the growth of private-school voucher funding and its local tax implications; staff said voucher expenditures have risen and that some voucher funding is effectively subsidized by local taxpayers. Salary, benefits and insurance line items were reviewed; staff noted health-insurance premiums came in lower than projected and some benefit adjustments reduced costs.
The motion to approve the budget and levy carried. The board also approved related consent items, including financial-account reconciliations and a consent agenda. Staff indicated the finalized budget documents and levy certification would be posted as part of the official record.
