School Board Approves $194 Million Budget

April 26, 2024 Board of Education Taxes, School Board, Taxes

**BUDGET EXPLAINER –** *Board of Education Business Administrator Stephen Fried explains the tax implications of the Board’s FY 2025 budget, approved at the April 25 meeting.*

The Board of Education on April 25 approved its $194.1 million FY 2025 general fund budget, which carries a small school portion tax increase.

The newly minted budget is roughly $7 million more than the district’s FY 2024 spending plan. School budgets take effect on July 1, so their impact is felt in the last two quarters of one year and the first two quarters of the following year.

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School Board Approves $194 Million Budget

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