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Board discusses I&S tax-rate options as finance report shows mixed revenue sources
Summary
Mr. Jurek reported additional SHARS and state revenues and that some prior expenditures are being covered by current grants; the Board discussed defeasance savings, a potential I&S budget deficit if a minimum rate is passed, and expressed a desire to see a maximum I&S tax rate of .21 cents.
During the Agenda Review Meeting, Mr. Jurek reviewed the Finance & Operations Report and noted additional revenues from SHARS and state sources, while pointing out some anomalies where prior general budget expenditures are being covered by current grants such as LASO. He also reviewed one-time capital expenditures for 2025–2026 and the District’s investment report.
Mr. Jurek asked for Board input on the 2026–2027 I&S tax rate. The Board discussed the value of defeasance for saving interest payments over time and was warned about a potential I&S deficit if a minimum tax rate were passed. The minutes record the Board discussed wanting to see a maximum I&S tax rate of ".21 cents."
