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Sunday, May 19, 2024

School Board adopts revised FY2024 operating budget

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Budget Billing | State of Reform

Budget Billing | State of Reform

The School Board adopted a revised School Department fiscal year 2024 budget at a special meeting on Monday, Jan. 30. The meeting was held immediately following a budget workshop.

The School Board adopted the School Department’s FY2024 budget on Jan. 17 but scheduled further budget discussions for Jan. 30.

In a 6-1 vote at the Jan. 30 special meeting, the board approved a bottom-line budget of $84,614,778, a 0.6% increase from the current FY2023 budget. The budget calls for $51,845,354 to be raised by local property tax, exceeding the estimated tax cap calculation by $538,373. The revised budget reduced the amount over the city’s estimated tax cap by $587,290 from the original Jan. 17 adopted budget. School Board member Maggie Fogarty voted against the resolution.

The budget will be included in the City Manager’s city-wide budget that will be presented to the City Council later this month. A public hearing on the school portion of the budget will be held at a Council meeting in March.

Documents detailing the FY2024 budget are posted to the FY2024 Budget Revealed webpage, along with other budget documents and videos of budget meetings and workshops.

For more information, contact the School Department at 603-516-6800.
Original source can be found here.

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