Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District board approves 2025-26 budget and tax-levy request
Summary
Trustees approved the 2025-26 budget (including a $200,000 placeholder for capital outlay and a land-acquisition function) and approved the tax-levy request with a proposed general-fund rate of 1.125 per $1,000; administrators explained escrow mechanics for leftover bond funds that will reduce annual collections over time.
The Colman-Egan School District 50-5 board approved the district's 2025-26 budget as presented and also approved the district's tax-levy request for the coming year. Administration said the only change since the budget hearing was a $200,000 placeholder moved into capital outlay and a new function for land and land acquisitions; the board then voted to approve the amended budget.
On the tax levy, staff presented proposed levy numbers and valuation figures: a proposed general-fund levy of 1.125 per $1,000; owner-occupied valuation figure 2.518 (noted in meeting remarks), other valuation 5.211, special education 1.462; capital outlay request $934,635 and bond redemption $449,000 to cover bond payments for the year. The superintendent explained that leftover bond proceeds would be escrowed and that interest from the escrow could reduce future collections, changing the long-run payment profile of previously authorized bond debt.
The board moved and approved both the budget and the tax-levy request by recorded voice votes.
