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Budget committee approves $27.43 million budget, sets tax rate and debt levy
Summary
The Yamhill Carlton School District budget committee approved a FY 2025–26 budget totaling $27,432,962, set a permanent tax rate and authorized a $1,077,741 debt-service levy; committee members emphasized reserves and contingency planning amid funding uncertainty.
The Yamhill Carlton School District budget committee voted to approve the proposed FY 2025–26 appropriations, with chair oversight and a motion carried by voice vote. "The proposed general fund budget of $18,113,697" was read into the record during the budget message, and the meeting packet shows total appropriations of $27,432,962.
Tammy, the district presenter, told the committee the district plans to set aside $2,000,000 as an operating and unappropriated contingency. "So that's what our we're projecting our ending fund balance to be next year... we're setting aside $2,000,000 to be our beginning fund balance for next year," she said. The committee then moved and seconded motions to set the permanent tax rate (stated in the meeting as 4.78 per $1,000) and to impose $1,077,741 for debt service on general obligation bonds; both motions were carried on voice votes recorded in the transcript as carried unanimously. The committee discussed the ability to reopen appropriations later if state forecasts change after the May 14 revenue forecast.
