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Coleman‑Egan board adopts 2025-26 budget and approves tax levy request
Summary
Trustees approved the final 2025-26 budget with a $200,000 capital outlay placeholder and authorized tax levy rates including a general fund levy of 1.125 per thousand; the board discussed escrow treatment of leftover bond funds and payment timelines.
The Coleman‑Egan School District board voted to adopt the 2025‑26 budget and to submit the district's tax levy request. Administration said the only change since the budget hearing was a $200,000 capital outlay placeholder for land acquisitions, funded from cash on hand; the board approved the budget as presented.
During the separate levy discussion administrators listed recommended rates and amounts: "For general fund, I would for a 1.125 per thousand," owner‑occupied valuation 2.518, other 5.211 and special education 1.462; capital outlay and bond redemption amounts were also presented. Trustees discussed leftover bond funds, noting those funds would be placed in an escrow account to generate interest that would reduce future levy collections. The board then voted to approve the tax levy request by voice vote.
