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Superintendent outlines Tentative FY26 budget and remaining school-lease payments
Summary
Superintendent Mitchell presented the Tentative Budget FY26 and said the Reed-Custer Elementary School building lease will have four payments remaining after FY26, with a June 1, 2025 call date if the board wants to make an early principal payment.
Superintendent Mitchell presented the district’s Tentative Budget for fiscal year 2026 and highlighted a near-term financing decision: "after FY26, there will be 4 total payments remaining on the original building lease of the Reed-Custer Elementary School," and he noted a June 1, 2025 call date if the board chooses to make early principal payments.
The budget discussion was descriptive; the board did not adopt a final tax levy or budget at the May 21 meeting but received the tentative figures and the financing timeline to inform later action. The superintendent also reminded members of the IASB Annual Joint Conference scheduled for Nov. 21–23, 2025.
