The South Butler School Board has given final approval to a budget for the 2018-19 school year that does not include a tax increase.
The details of the final budget did not change from a proposed preliminary general fund budget of $38.6 million in expenses that was presented to the board in May. Combined with an expected revenue total of just over $36 million, South Butler expects a balanced budget to require about $2.5 million from their general fund.
South Butler did not have a tax increase in the current year and expects to finish June with a surplus of over $1 million. This would leave the district’s fund balance at a projected $9.5 million to begin the new school year in July.
There is enough room in the current budget to cover any minor adjustments needed because of the new contract with teachers, according to Director of Business Affairs Paul Slomer.
Written By: Ryan Saeler for the Butler Radio Network