Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Adoption topic
No spam. Unsubscribe anytime.
Colman‑Egan board adopts 2025–26 budget, approves tax-levy schedule
Summary
The board adopted the 2025–26 budget with a $200,000 placeholder in capital outlay for land acquisition and approved a tax-levy schedule that included a proposed general-fund levy of 1.125 per $1,000 and specified capital and bond numbers.
The Colman‑Egan School District board voted to adopt the 2025–26 budget as presented and approved the district's tax-levy request for the coming school year.
District staff said the only change since the budget hearing was the addition of a $200,000 placeholder for capital outlay related to land acquisition; they noted the placeholder was covered by cash on hand. During budget discussion, the superintendent and finance staff reviewed capital-outlay mechanics, explaining the district's valuation and the statutory cap on capital allocation certificates (the packet cited a valuation figure and showed an illustrative maximum). A motion to adopt the budget passed on a roll call of board members recorded as "aye."
On the tax-levy request, the board approved rates and amounts presented in the packet: a proposed general-fund levy of 1.125 per $1,000, owner-occupied valuation factor 2.518, special-education levy 1.462, capital-outlay amount and a bond-redemption line (bond redemption figure given as $449,000). Board members recorded unanimous support for the levy request. The superintendent said staff would continue to provide follow-up details on capital-outlay balances and bond-account mechanics as needed.
