Franklin Regional adopts proposed budget with 2.54 mill tax hike
The budget includes a nearly
Nearly half of the budget gap, about
"I know nobody is happy with this budget the way it looks right now," financial services Director
The proposed final budget was adopted by a 6-3 vote Monday. School directors
"You can talk about this fund and that fund, but ultimately our reserve balances are going to be where that money comes from, because there's nowhere else," Yant said. "I'm just concerned that if we're taking somewhere between a third and a quarter of our fund balances to pay the budget this year, that we're going to regret that in the future."
Perry said more than
The biggest chunk of that is
Once those funds are released, they will be placed in the district's unassigned fund balance, he said.
English and Mittereder wanted to table the budget discussion and wait to see what happens with two bills introduced in the legislature, which propose a freeze on school tax hikes.
"It would make what we're doing here a very moot point if they decide to say across the board that no one is allowed to do anything," Mittereder said.
The board voted on the proposed final budget at a special meeting, so that it can be available to the public for the required 30 days prior to its full adoption in June.
Resident
"Current operations and growing debt payments are producing massive deficits that will consume all assigned and unassigned general funds within four years, even with annual maximum (state) tax increases," Cebulak wrote in a letter submitted to the board.
Resident
"The continuance of maximum allowed millage increases plus the need to raid existing funds, that were established to escrow funds for specific needs, illustrates lack of financial planning," Kearns wrote in his comments. "The refusal to demonstrate to the public how other district needs are to be met, in addition to (the) Sloan project, illustrates no financial planning."
Board member
"We are not planning to take
The budget is expected to be adopted at the board's June voting meeting. The board's next meeting is scheduled for
Below, watch Monday's meeting in its entirety.
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