Peacham School FY26 Budget

March 4, 2025

Proposed School Budget for FY26� Significant Changes

• Budgeted Expenditures = $2,831,362
• Increase of $155,768 from FY25
• Budgeted Expenditures increased - $155,768 or 5.8% overall
• Secondary Tuition (Grades 7-12)
• Total = $1,221,500 (43% of budgeted FY26 expenditures)
• Increase of $154,500 (100%+ of the total budget increase)

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Main Reductions from FY25:

• SU Assessments down ($30,880) from FY25
• Driven by Special Education decrease
• Elimination of After School Program (ASP/ELO) in FY26 ($43K)

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FY26 Budget

• Revenue (s)

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• Positive Return on Investment Accounts (projected Interest Income) = $34,000

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• Transfer from Capital Reserve - $15,000

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• Net Education Spending (for tax rate) = $2,782,362

Factors Affecting the Tax Rate

• Education Spending Increased $189,268 (Upward pressure on tax rate)
• Equalized Pupils Long Term Weighted Average Daily Membership increased by 15 pupils due to new pupil weighting formula (Downward impact on tax rate)
• Peacham’s Common Level of Appraisal (CLA) decreased by 13.85% Upward pressure on tax rate)
• Residential Yield Rate Decreased to $11,879 due to changes in the pupil weighting formula and reductions in other revenue sources to the Ed Fund (Downward pressure on tax rate)

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Effect of budget, equalized pupils, property values, and legislative actions on local homestead tax rates.�

PEACHAM EDUCATION FUND SOURCES

Resources:

http://peachamelementaryschool.com/

https://education.vermont.gov/

http://tax.Vermont.gov

http://legislature.Vermont.gov

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Thank you

Questions?