While the referendum passed in 2022, the district didn’t receive any additional funding until May 2023. The approved referendum increased taxes by $16.67 a month, or $200 a year, for every $100,000 of a home’s fair market value.Now that the referendum has passed, the district’s fund balance increased by more than $15 million compared to last year’s.
Green added that she budgeted the district’s expenditures higher, so they might turn out to be lower than what she included. The hiring of new staff members and teachers is one of the biggest reasons for the increased expenditures, as staffing contracts and benefit expenditures both grew over the past year, with benefits costing the district $2.3 million more than in the previous fiscal year.
The district is also setting aside $1.9 million to help fund any maintenance projects that may develop throughout the year, she said.
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