No New Tax Hike: Park City School District Pulls $2.6M From Reserves

No new tax hike: Park City School District pulls $2.6M from reserves

The Park City School District isn’t proposing a tax raise this year. Instead, district officials plan to pull $2.6 million from savings to cover the budget shortfall and preserve its programming.Property taxes have been increased throughout the district over the past three years, prompting new school board members to find a way to balance the budget without putting a financial burden on taxpayers for fiscal year 2025-26.Business Administrator Ra…

Park City Schools tap $2.6 M reserve to fill budget gap amid falling enrollment - TownLift, Park City News

PARK CITY, Utah — Park City School District plans to transfer $2.6 million from its reserves next year, a move officials say will let the district maintain programs without raising any local tax rates set by the Board of Education. Business Administrator Randy Upton presented the proposed 2025-26 budget at the board’s May 20 meeting. Superintendent Lyndsay Huntsman called the spending plan “a balanced financial roadmap” that protects classroom o…