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Budget committee approves Seaside SD 10 $47.2 million 2026–27 budget, sets tax rate
Summary
The Seaside SD 10 budget committee voted to approve the 2026–27 budget totaling $47,207,311 and set a tax rate of 4.7745 per $1,000 (plus a $0.52 local-option rate). The vote followed questions about PERS cost impacts, contingency reserves and potential cuts if a local levy fails.
The budget committee voted to approve Seaside SD 10’s proposed 2026–27 budget, adopting a total-funds plan of $47,207,311 and setting a tax rate of 4.7745 per $1,000 of assessed value and a local-option rate of $0.52 per $1,000.
A committee member formally moved to adopt the plan as presented and read the budget totals aloud: "I move to approve the CSED school district number 10 budget for the 20 26 20 27 as follows. General fund, $31,521,115. Special revenue fund, $6,451,983. Debt service fund, 7,702,668. Capital project fund, 1,531,445. All total funds, 47,207,311 as presented with a tax rate of 4.7745 per thousand of assessed value..." That motion was seconded and carried on a roll-call vote.
The committee’s approval came after extended discussion of cost pressures tied to the public-employee retirement system (PERS), an expiring site account that had been used to smooth employer costs, and contingency reserves. Committee members asked staff for follow-up materials quantifying how much of the projected $2.4 million budget impact is attributable to underperforming investments, wage trajectory and unfunded liabilities. The presenter said staff will publish a detailed PERS breakdown and related spreadsheets online.
Committee members also asked how adoption should proceed if a local-option levy later fails; presenters said the district would likely conduct a supplemental budget and that any required reductions would be handled by the board. The budget will now move forward to the full board for final adoption where applicable.
The committee scheduled no immediate additional meeting for final action; staff promised to post follow-up materials and the PERS breakdown for the committee’s review.
