ANNUAL OPERATING
BUDGET
Under law, the Board is required to
adopt an annual operating budget setting forth district expenditures and
revenues. The Board shall also establish the tax levy prior to the
beginning of each fiscal year. Tax levies shall be set within statutory
limitations and within the limitation established by a vote of the
district taxpayers.
State law also requires the Board to present an
adopted budget to the State Board of Education prior to July 1st of each
fiscal year. Provisions shall be made for a public hearing on the
proposed budget prior to adoption. Public notice of such a hearing shall
be given at least six days in advance and in a newspaper of general
circulation. The notice shall state time and place of the hearing and
indicate where a copy of the proposed budget is available for public
inspection.
No public vote is required on the proposed budget.
Preparation, revision, and adoption of the budget is
solely the responsibility of the Board.
