ITEM NUMBER: 6.C.
School Board Regular Meeting
- Meeting Date:
- 04/06/2026
- Prepared By:
- Amanda Heilman
Item Type:
Subject:
2017 Operating Referendum Renewal Process
Background:
The Board Finance Committee met in early March to discuss long-term budget planning and financial forecasting. As part of that discussion, the committee reviewed the option to renew the District’s current levy, which is set to expire on June 30, 2028. Legislative changes enacted during the 2023 session allow school boards to authorize a one-time renewal of an existing levy at the same amount and duration as originally approved, without returning to voters.
This action represents the first step in a broader series of financial discussions the Board will engage in over the coming year. While the renewal would secure an additional 10 years of existing levy authority, ongoing revenue growth from the state continues to lag behind expenditure increases, necessitating further discussion around potential future levy requests and budget adjustments to maintain the District’s unassigned fund balance target of 8%.
This action represents the first step in a broader series of financial discussions the Board will engage in over the coming year. While the renewal would secure an additional 10 years of existing levy authority, ongoing revenue growth from the state continues to lag behind expenditure increases, necessitating further discussion around potential future levy requests and budget adjustments to maintain the District’s unassigned fund balance target of 8%.
Recommended Action:
None