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CFO Don Posey presents tentative 2026–27 budget; board approves TRIM advertisement
Summary
CFO Don Posey presented the tentative 2026–27 budget and millage advertisements, explaining a 0.049‑mill decrease and offering a taxpayer example showing a $10 annual reduction on a $200,000 home assuming unchanged values. The board voted 5–0 to approve the TRIM advertisement for public notice and hearings.
CFO Don Posey told the Clay County School Board on July 23 that the district's tentative 2026–27 budget is based on June 30 financials and remains fluid pending enrollment and year‑end adjustments. Posey requested board approval to publish the required TRIM (truth in millage) advertisements and to schedule the tentative public hearing on July 28 and the final adoption hearing on Sept. 10.
Posey framed the fiscal picture: he said the district's required local effort decreased by 0.049 mills for 2026–27 and ran an example showing that a $200,000 home taxed at the prior 6.272 mills would have paid $1,254 and, at the proposed 6.223 mills, would pay $1,244 — a $10 decrease assuming property values remain unchanged. He also noted estimated general fund revenue and balances: total estimated revenue and other financing sources for the general fund were presented at about $411,000,000, and all funds combined exceed $665,000,000 as presented to the board.
Posey emphasized that the numbers are tentative: "This is a tentative budget. It's not final," he said, and warned enrollment and day‑to‑day adjustments change the figures. He also explained that although the rollback millage decreased, the district must publish a notice of proposed tax increase because rising property values increase tax proceeds; he tied the required local effort to state grant eligibility noted in the presentation (the presentation cited roughly $252–253 million in state education grant calculations). Following the presentation the board approved the TRIM advertisement by unanimous vote (5–0).
