During a recent government meeting, officials reviewed the fiscal year 2025 budget, highlighting key revenue and expenditure figures. The total projected revenue stands at $121.7 million, with property taxes contributing 56%, general state aid at 28%, and federal grants accounting for approximately 5.9%. In contrast, total expenditures are estimated at $139.5 million, leading to a budget deficit of about $17.8 million.

A significant factor in this deficit is a $21.7 million debt payment due this year, of which $13.3 million will be covered by the fund balance. Officials noted that this strategy will help maintain the current tax rate, which has not increased in a decade due to effective financial management. The budget also allocates $3.2 million for a solar array project and includes plans for replacing aging buses.

The board unanimously approved the budget and discussed the possibility of prepaying some of the district's debt, contingent on available funds. This proactive approach aims to enhance long-term financial stability. The meeting concluded with a commitment to continue monitoring the budget closely to ensure fiscal responsibility.