2024-2025 School Year Budget Approved Saved

by Staff - March 12, 2024

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On Monday, March 11, 2024, the Board of Trustees met to review and finalize the 2024-2025 School Year Budget. The final 2024-2025 School Year Budget and the 2024 Special Levy was approved as follows:

Total Operating Expenses $ 132,429,365
Total Capital Expenses $ 5,683,401
Total Expenses $ 138,112,766
2024-2025 Special Requirement $ 55,647,181
2024 Special Levy to be raised from Municipalities $ 51,026,880

The 2024-2025 Operating Budget results in a 6.61% increase in the Special Requirement, a 4.05% change in the Special Levy, and a 2.92% increase in the mill rate for 2024 or a net annual increase of $25.36 on an average single-family home valued at $281,000 that is a homeowner’s principal residence.