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BOQUET VALLEY CSD board gets $15.7M budget preview, May 20 vote set
Summary
Superintendent Josh presented a preliminary $15.7 million budget and a tax-cap projection that could raise the levy about $253,195; the board was briefed on revenue assumptions, reserve use for bus purchases and the May 20 budget vote timeline.
Superintendent Josh presented the district's preliminary budget, reporting that "our total budget, we're in the neighborhood of $15,700,000." He walked the board through revenue lines and a tax-cap calculation that produced a preliminary growth factor of about 3.0529%, which translates in the presentation to an illustrative levy increase of roughly $253,195.
Josh said the administration proposes using $386,000 from the transportation reserve to buy two replacement buses so those purchases would not immediately increase the tax levy. He emphasized that part of the apparent increase in the budget figure is the one-time use of reserves for buses and that, without those purchases, the budget's operating increase would be substantially smaller.
The presentation reviewed state-aid assumptions under the executive budget (including a governor-proposed 2% increase in foundation aid) and projected other aid lines; Josh cautioned the board that projections can change when the legislature acts. He reminded members of the budget calendar and that the district's budget vote is scheduled for May 20.
Board members asked for more detail on the revenue and reserve assumptions; Josh said staff will provide updated numbers at upcoming budget meetings and will post supporting materials. "We're going to talk about the tax cap," he said, urging the board to consider options to stay within their policy goals while preparing the May presentation.
