Slate Valley passes budget after $524,000 cut
Staff report
Slate Valley Unified Union School district successfully passed its budget, Tuesday, June 18. It was the district’s fifth attempt.
The $30.5 million budget was approved 930-794 after roughly $524,000 was cut since it was first put out to voters on Town Meeting Day in March.
The final FY25 budget has a 3.76% lower equalized tax rate compared to FY24, however, residents in district towns will see homestead tax rate increases between 4% and 17% after the the common level of appraisal (CLA) is applied.
With Tuesday’s approval, the district met the July 1 cutoff, after which it would have had to begin borrowing money from the state to cover the expenses. The district could have borrowed up to 87% of their FY 2024 budget to cover new FY25 expenses, until it could pass a budget. But those funds would have incurred interest.
“I am writing to express my sincere gratitude for your support in approving the school budget (930 Yes and 794 No) for the upcoming year on the 5th vote,” wrote Superintendent Brooke Olsen-Farrell on Facebook Tuesday after the vote passed. “I know this may not have been an easy decision for many, especially due to the funding challenges throughout the state. Your dedication to ensuring the success and growth of our school community is truly commendable, and it is with great appreciation that I extend my thanks to each and every one of you.
“As we move forward with implementing the approved budget, I want to assure you that we will continue to prioritize transparency, accountability, and fiscal responsibility. We are open to feedback and happy to answer questions at any time. We understand the importance of effectively utilizing the resources entrusted to us and remain committed to achieving the best possible outcomes for our students,” Olsen-Farrell continued. “Once again, thank you for your continued support and dedication to our school community. Together, we can work together to make a positive difference in the lives of our students and contribute to the success of our schools.”
