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Meeting Date:
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1/11/2025 - 7:30 AM
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Category:
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ORGANIZATIONAL ITEMS
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Type:
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Action
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Subject:
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4.23 Resolution to Approve the FY26 Tax Budget
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Strategic Plans:
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Enclosure
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File Attachment:
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Summary:
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WHEREAS, the Northwest Local Board of Education at its meeting on January 06, 2025 received the following tax budgets for the period July 1, 2025 through June 30, 2026 (FY26).
1. From the Superintendent and Treasurer for Current Operating Expenses (General Fund) in the total amount of $113,011,532.
2. From the Treasurer, for Retirement of Bonded Debt (Bond Fund) in the total amount of $3,911,732
3. From the Treasurer, for Permanent Improvements in the amount of $6,052,644.79
WHEREAS, Public Hearing was held on January 6, 2025, pursuant to a notice published in the Cincinnati Enquirer on December 18th, 2024.
WHEREAS, copies of said budgets have been available for public inspection for at least ten (10) days in the Office of the Treasurer and on the District website,
NOW THEREFORE, BE IT RESOLVED, that the FY26 Budget for the General Fund in the amount of $113,011,532, for the Bond Retirement Fund in the amount of $3,911,732 for the Permanent Improvement Fund in the amount of $6,052,644.79
BE IT FURTHER RESOLVED, that the Treasurer be, and is hereby directed to file copies with the Hamilton County Auditor as required by law.
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Funding:
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Recommendation:
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The Treasurer recommends that the Board of Education approve the resolution as listed.
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Approvals:
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Recommended By:
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Signed By:
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Marta Cacini - Executive Administrative Assistant
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Signed By:
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Amy M. Wells - Treasurer
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Signed By:
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Mr. Darrell Yater - Superintendent
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Vote Results:
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| Original Motion | | Member Jim Detzel Moved, Member Mark Gilbert seconded to approve the Original motion 'The Treasurer recommends that the Board of Education approve the resolution as listed.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Jim Detzel | Yes | | Chris Heather | Yes | | Mark Gilbert | Yes | | Nicole Taulbee | Yes | | Nancy Slattery | Yes | |
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