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St. Johns board hears financial update showing debt paid off in 2039-40; millage projected to fall in 2027-28
Summary
Board members received a General Fund overview and a debt schedule showing bonded debt paid off in 2039-40, with a millage decrease forecast to start in 2027-28; staff cited Baker Tilly data and flagged immediate capital needs.
The St. Johns Public Schools Board of Education received a district financial overview at its Dec. 18 workshop that, staff said, shows the district's existing bonded debt is scheduled to be fully paid off in the 2039-40 fiscal year and that a millage decrease is expected to begin in 2027-28. The presentation used data from Baker Tilly Financial Analysis to illustrate the debt timeline and projected millage impact.
Board members were shown current General Fund budget considerations and a prioritized list of facility needs tied to those budget forecasts. District staff emphasized that while long-term debt declines, the district still faces immediate capital and equipment needs that will require funding decisions in the coming months. The workshop record notes no public comment, and the session concluded with administrators listing items to be brought to the Jan. 12, 2026 board meeting for potential action.
