The South Butler School Board will not include a tax increase in their budget for the 2018-19 school year.
Director of Business Affairs Paul Slomer presented a proposed preliminary general fund budget of $38.6 million in expenses to the board during a meeting on Wednesday night. 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. For planning purposes, teacher expenses used the figures from the board’s most recent contract negotiation offer.
The budget will now be posted for public review on the district’s website for 30 days. South Butler school board members will then vote on final budget approval in June.
Written By: Ryan Saeler for the Butler Radio Network
