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Board approves $5,620,333 tax levy for 2025–26 and reallocates reserves
Summary
The Board adopted a $5,620,333 tax levy (plus $60,000 for libraries) and acknowledged transfers to multiple reserves totaling $425,000 for the 2024–25 fiscal year.
At its Aug. 7 meeting the Cherry Valley–Springfield Central School District Board approved the 2025–26 tax levy of $5,620,333 plus an additional $60,000 designated for libraries (RESOLUTION 3-8-2025). The action was included on the consent agenda and recorded as carried unanimously.
The Board also acknowledged moves to reserves for the 2024–25 school year, per the superintendent's recommendation: $200,000 to the Capital Reserve (A878.2), $100,000 to the Technology Reserve (A878.3), $100,000 to Capital Reserve–Equipment (A878.1), and $25,000 to TRS (A867.1) (RESOLUTION 6-8-2025). These allocations were recorded in the minutes as part of the financial items on the consent agenda.
