RSU 34 FY27 Budget Process Explanation: 1-21-26
These slides provide an overview of the RSU 34 school budget timeline while highlighting key factors that impact state funding of public schools (I.e., enrollment, valuation, & Mil rate).
RSU 34 FY27 First-Draft Budget Presentation: 2-11-26
These slides explain, in greater detail, the factors that impact public school funding--with data specific to RSU 34. This includes historical data related to enrollment, special education needs, & community valuations. There are also recent revenue and expenditure charts, community tax "asks", and explanation of the shift of State vs. Local contributions. First draft budget numbers are shared, along with the recommendation that the superintendent identify a tax assessment reduction of $800,000---to be presented at the March 11, 2026 Budget meeting.
RSU 34 FY27 Second-Draft Budget Presentation: 3-11-26
These slides explain the breakdown of how $800,000 in tax reductions could be achieved. Even with significant use of reserve accounts, fund balance, and taking advantage of the expiring OTHS science wing debt service payment to fund a new playground at OTES, the Finance Committee felt more attention was needed to Old Town's tax assessment. One of the final slides outlines a new target of a 0.0% RSU 34 tax assessment for FY27. To achieve this, the Board recommends utilizing additional fund balance and applying potential savings from health insurance premiums, which will be finalized in early April.
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