The total budget for the 2024-2025 academic year stands at $25,491,551, reflecting a 5.66% increase compared to the previous year. This increase is essential to sustain and enhance the quality of education provided by the school district.
To support this budget, the tax levy will be increased to $12,530,000, representing a 2.7% increment. Additionally, the school district will receive $11,840,359 in state aid, which helps to alleviate the financial burden on taxpayers while ensuring adequate funding for educational initiatives.
A significant portion of the budget, $11,434,297, is allocated towards salaries and wages, reflecting a 2.8% increase over the previous year. Salaries constitute the largest budget portion, accounting for 45% of the total allocation.
Benefits, totaling $7,033,094, make up 28% of the budget. This category experienced the largest increase, amounting to $680,000.
The budget also allocates funds towards educational resources, facilities maintenance, administrative costs, and technology upgrades, ensuring that students have access to a well-rounded and modern educational experience.
Furthermore, $2,130,840 is allocated towards debt service, with an increase of $272,000. However, this increase is offset by additional building aid, ensuring that the school district can effectively manage its financial obligations while continuing to invest in educational excellence.
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