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Provo district presents FY27 budget and a proposed 4% tax revenue increase
Summary
The district presented a FY27 budget and Truth in Taxation schedule showing a proposed tax-rate change from .006922 to .007220 and a requested tax revenue increase from $76.7M to $79.9M, with $2.5M for salaries and $1.5M for capital projects.
Provo City School District presented its FY27 budget and a Truth in Taxation tax-impact statement at the May 26 meeting that would raise total tax revenue by roughly 4 percent.
The agenda shows the current tax rate at .006922 and a proposed rate of .007220 (noted in the Truth in Taxation schedule). Current budgeted tax revenue was listed as $76,715,845 and the requested amount as $79,864,945, a net increase reflected as $3,149,100 (the document lists $2,500,000 to the general fund for teacher/staff salary increases, $1,500,000 to the capital projects fund for lease revenue bond interest, and a decrease in the debt service fund of $850,900). The agenda included an example homeowner impact: a $500,000 home would see a difference of $81.95 annually under the proposed rate.
The transcript records the presentation of these figures but does not show a formal vote on the tax rate at this meeting. Board members flagged the budget materials for review; staff provided links to the presentation for further public review.
