School board approves policy, budget updates

School board approves policy, budget updates

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The following amendments and routine district business were also approved by the Board of Education during its June 23 meeting: Lease refinancing resolution — The board approved a resolution authorizing the district to move forward with a previously announced lease-purchase refinancing plan intended to provide short-term budget relief by refinancing existing 2020 and 2021 lease obligations. The resolution authorizes up to $1.55 million in certificates of participation with a true interest cost not to exceed 4.8%. District officials expect pricing to occur July 7 with closing anticipated July 21.

End-of-year budget items — Board members approved payment of remaining fiscal year 2026 district expenses through June 30 and authorized amendments to the Fiscal Year 2026 budget so revenues and expenditures reflect actual year-end amounts as the district closes its fiscal year.

Career Ladder update — The board approved a revision to the district’s 2026-27 Career Ladder Plan requiring student gro…